Economy

Hospitals margins could sink to unsustainable negative levels in the last half of the year, according to forecasts.

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

Federal authorities arrested Ohio House Speaker Larry Householder on charges he took bribes to support legislation that benefited bankrupt FirstEnergy.

Several scenarios exists offering different potential outcomes, according to an observer.

South Carolina-owned Santee Cooper must pay $200 million to ratepayers and impose a four-year rate freeze to end a suit over a failed nuclear reactor project.

The commission approved the borrowing amid projections of a $153 million budget shortfall for fiscal 2020 due to COVID-19.

Fitch downgraded the Ohio-based system to BBB-minus, leaving its rating at the lowest investment grade, matching ProMedica's Moody's rating.

VRDO reset rates in California consistently were too high to be justified, a new filing contends.

Both the American Hospital Association and the American Council on Education had urged the Fed to offer nonprofits a lower borrowing rate.

The shroud of uncertainty surrounding further COVID-19 federal rescue aid has many public transit agencies and advocates antsy.

A handful of economic indicators offered no clarity about the economy, which appears to be improving marginally, but remains fragile.

Several groups are arguing their case to keep their seats on a smaller board.

Although economic activity increased, an uncertain outlook clouds the future.

They are pushing the U.S. Senate for up to $36 billion, citing the devastating effects from COVID-19.

Uncertainty makes downside risks prevalent, and the Fed will need to be accommodative when the crisis ends, according to Lael Brainard.

Setting capital investment priorities and other efficiencies can help the public transit system through its coronavirus-related fiscal crisis, a budget watchdog says.

Many minority and women-owned businesses say they can't make it through the next six months without financial help.

Wide-spread mask wearing and following other health-care measures will be vital to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan.

Financial challenges posed by the COVID-19 pandemic have not slowed long-term capital initiatives at public power firms.

Some are underestimating the recovery, but challenges continue, analysts say.