Economy

The Pennsylvania healthcare system is touting plans to grow its network as it funds an expansion for its largest hospital, in York.

Federal Reserve Vice Chair Philip Jefferson said Friday that the economic outlook is uncertain and that he was adopting a cautious approach to gauging whether slowing growth and a softening labor market outweigh inflation pressures from tariffs.

While the cost of caring for older people can pressure municipal issuers, in states like Florida wealthy seniors can also contribute to economic vibrancy.

"I think, overwhelmingly, all of our market participants are wanting the same thing and that's really a thriving municipal market," Holiday said.

Top figures in public finance have weighed in on important events at this year's Infrastructure event.

Washington revenues through 2029 are expected to be $900 million below the 2025-27 budget estimates.

Massachusetts is set to price its annual transportation deal in early October, even as it plans for a decade of heavy transportation borrowing. 

Housing advocates are resuming a fracas with the federal government over Build America, Buy America requirements they claim are slowing down efforts to build more affordable housing, which relies on private activity bonds.

If Gov. Gavin Newsom signs the two bills, it would be credit positive for San Francisco area transit, Moody's Ratings analysts said.

A lawsuit filed in federal court by 17 states against the Trump administration targets a presidential memorandum ending federal approvals for wind energy.

The outlook revision to negative for the Texas Biomedical Research Institute cited weakened liquidity and reliance on federal grants, the rating agency said.

The nearly-complete offshore wind power generation project can resume construction while it fights a stop-work order from the Trump administration.

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.

Lawmakers passed California Gov. Gavin Newsom's expansive energy package, including a bill to extend the state's cap-and-invest program.

The authority's borrowing apparatus is maintaining a business-as-usual approach it embarks on a massive new capital program and fends off federal cuts.

California's governor and legislative leaders agreed to extend the state's cap-and-trade program and dedicate one-fourth of the funding to high-speed rail.

California lawmakers, who announced a deal with Gov. Gavin Newsom in June, say his administration failed to agree on loan terms ahead this week's deadline.

From leases for floating wind farms to projects nearly finished with construction, no offshore generation project is safe from the Trump administration.

The Trump administration's immigration policies are "undermining the country's ability to build infrastructure and construction programs," the Associated General Contractors of America said.