Economy

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.

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The privately funded Brightline express rail system launched service last fall. The state recently approved tax-exempt status for $1.75 billion in bonds.

Two state senators are backing a proposal to toll low-occupancy vehicles in carpool lanes on highways that currently lack tolls.

The plan will see Indiana paid $1 billion in return for allowing a rate hike on the privately operated Indiana Toll Road.

MEAG wants a power purchase agreement enforced against JEA, which says the agreement must be vacated because it wasn’t properly approved.

Coalinga Regional Medical Center was felled by challenges common to many rural hospitals.

The Federal Reserve's Beige Book noted the economy expanded at a moderate pace for most districts, a small upgrade from the prior report.

North Carolina officials are trying to figure out how to unwind parts or all of a 2014 public-private partnership that is building managed toll lanes on a Charlotte-area highway.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.