Economy

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

MBTA officials insist the moves, which include a capital-to-operating budget shift, are necessary to help seal a coronavirus-related $579 million operating gap.

The COVID-19 pandemic pushed the Henry Ford Village continuing care retirement community over the fiscal cliff and into a Chapter 11 filing.

Michael Roth, managing partner at Next Street, talks with Chip Barnett about how Black and Brown businesses are doing during the coronavirus pandemic. He looks at what our industry can do to help, from capital delivery to investment; beyond the usual solutions so small businesses and entrepreneurs in communities of color can succeed in an inclusive economy. (22 minutes) For more on this topic, see: Arizent's 'Access Denied' podcast series.

The move would not resolve structural budget gaps, according to the rating agency.

No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.

Virus effects have battered New York City’s economy and by extension, the city’s budget and credit standing.

California Gov. Gavin Newsom's executive order directs regulators to put rules in place to end the sale of gas- and diesel-powered passenger vehicles in 2035.

Gross domestic product surged in the third quarter's first read, but analysts suggest the rising number of coronavirus cases bodes ill for fourth quarter growth.

The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.

With the economy offering positive and negative signs, economists have differing views on the recovery.

In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.

Consumers cut back on purchasing plans, suggesting they see a tough fourth quarter, economists said.

The MSRB also said it was looking for volunteers for two advisory groups.

How effectively bus and train operators can serve commuters coming out of the coronavirus pandemic remains a big question.

Squire Patton Boggs partners Rodney Slater and Alethia Nancoo view the landscape from the ground and the skies with Northeast Regional Editor Paul Burton. Slater is a former U.S. transportation secretary. Nancoo’s practice focuses on public, private and project debt finance. (31 minutes)