Economy

Airports are expected to issue almost $19 billion of additional debt over the next two years.

The Chicago Transit Authority and Regional Transportation Authority are latest rating victims of Illinois political gridlock.

Owners of under-construction nuclear reactors in Georgia reached a settlement with Toshiba and bankrupt Westinghouse.

Puerto Rico fiscal officials delayed acceptance of measures in the island electric authority's $9 billion debt deal, spurring speculation that the agreement with creditors may be in jeopardy.

Indiana is negotiating with I-69 bondholders and preparing to take control of the troubled P3 project.

Small business optimism held at a 104.5 level in May, the National Federation of Independent Business said Tuesday.

New York’s Metropolitan Transportation Authority announced a mitigation plan for widespread summer delays expected at Penn Station.

Moody's Investors Service has downgraded Eastern Maine Healthcare Systems' bond credit rating to a level that could limit the organization's ability to obtain credit in the future.

The sale of $1.1 billion of unrated bonds for New Jersey's American Dream comes amid uncertainty about the future of indoor shopping malls.

Illinois asked a judge to put off the effective date of a possible court order elevating Medicaid over other payment obligations.

How the Puerto Rico’s Title III bankruptcy case judge handles the commonwealth’s highways bonds may threaten revenue bond bankruptcy precedent.

San Diego's mayor threatened to veto a budget stripped of funding for soccer and convention projects.

A consumer protection bill for PACE loans in California passed the state Senate.

Philadelphia International Airport has a new deal with its airlines.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

Illinois is trying to block efforts to put Medicaid providers on par with debt service payments.

Bondholders will provide a loan to bankrupt Oconee Regional Medical Center even as they stand to lose on their bond investments.

The pension fund for Boston-area transit workers needs roughly $1 billion over 18 years, an official said.

Vero Beach, Fla., signed a letter of intent to sell its utility to Florida Power & Light.

Transportation Secretary Chao has agreed to approve funding agreement for Caltrain.