Economy

The letter initiated by Rep. Leonard Lance of New Jersey threatens congressional oversight measures if passenger rail line funds are not released.

ProMedica is seeking up to $870 million in revenue bonds for construction and facilities projects.

U.S. purchases of new homes rebounded in August from the slowest pace in almost a year.

Oglethorpe Power said it will only support completing the new reactors at Plant Vogtle if the other three co-owners agree to a cap on future costs.

Andy Byford, president of the MTA's New York City Transit unit, said timing relative to budget cycles is essential.

MEAG joins two other owners of the Plant Vogtle project voting to move forward; Oglethorpe Power has yet to decide.

Carlos Braceras, elected as the American Association of State Highway and Transportation Officials’ new president on Monday, said one of his goals will be to persuade Congress to include more funding and policy reforms in surface transportation reauthorization legislation.

Economics is driving Colorado Springs Utilities to reduce reliance on coal-fired electricity generation, its new chief executive says.

Transportation research nonprofit TRIP said more than 7% of the state's bridges -- more than 300 -- are structurally deficient.

The privately managed Indiana Toll Road will get to raise rates and, in return, deliver the first installment of $1 billion it will pay the state on Oct. 5.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.

Commissioners made no mention of gun policies that led them to oust Citi and Bank of America Merrill Lynch from the deals.

Existing home sales were flat at a seasonally adjusted 5.34 million-unit rate in August.

Manufacturers report expanding at a quicker rate in September, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported “diminished price pressures this month.”

States reported a 20.2% jump in the issuance of private activity bonds from the $20.4 billion issued in 2016.

Brightline, which runs a passenger train service in Florida, is taking over the XpressWest project.

Florida’s JEA has asked federal regulators to review its power purchase agreement with Georgia’s MEAG, a move that could delay lawsuits filed over the matter.

S&P Global Raings dropped Verity Health System to CC.

S&P placed the Florida utility’s bond ratings on CreditWatch Negative after JEA asked a court to void a power purchase agreement.

Selling prices remained elevated, while business activity expanded at a slower pace in September, the Empire State Manufacturing Survey showed.