Economy

Public transit agencies have a $90 billion backlog of maintenance, repair and modernization projects.

Two rating agencies put Presence Health's low-investment grade ratings on watch for upgrades.

The Puerto Rico Economic Empowerment Act of 2018 would implement some of the recommendations made by a congressional task force as well as provisions left out of disaster relief legislation, according to the two Republican senators who offered it.

State authorization for design-build use on a Brooklyn-Queens Expressway work is a door-opener, New York City transportation Commissioner Polly Trottenberg said.

Manufacturers report continued growth in May, but the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

The U.S. infrastructure system looks remarkably backwards to many international eyes, and threatens the economy in the long run, experts said on Wednesday.

The bonds are the latest of a series to restructure debt by the utility and its partner Bonneville Power Administration.

Transportation lobbyists and researchers discussing surface transportation finance during an Infrastructure Week webcast were unanimous in saying that Congress should lift the general prohibition on tolling interstate highways.

Builders’ confidence in the market for new single-family homes grew again as the National Association of Home Builders' housing market index climbed to 70 in May from a downwardly revised 68 in April, first reported as 69.

Prices paid remain elevated, while business activity improved, the Empire State Manufacturing Survey, released Monday by the Federal Reserve Bank of New York, suggested.

Healthcare giant Catholic Health Initiatives now has a stable outlook on its Baa1 rating from Moody's Investors Service.

A vote by California energy commissioners to require solar panels on new homes is credit negative for utilities, Moody's said.

New Jersey, Pennsylvania, and other states are hoping to capitalize on gaming legalized by the Supreme Court's decision on Monday.

Moody's sees minimal, but still credit positive, revenue effects for governments that tax legal cannabis.

The bonds will help complete a new hospital wing at Marin General Hospital.

State lawmakers compromised on legislation that provides $2.3 billion of bond authority for transportation and boosts funding for the state's lagging pension fund.

The financial health of Magnolia Regional Health Center, a 200-bed public hospital in northern Mississippi, has gone from fair to serious condition all because of an accounting rule.

The quarterly update showed growth slowed from 3.4% amid declining commercial leasing activity, and sluggish private sector job growth.

The municipal bond market will see another moderate new issue calendar this week, with about $4.9 billion of offerings going up for sale

The $914 million deal will help finance a $7.4 billion project to renovate and expand the airport.