Economy

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.

In the face of changes to health laws, nonprofit hospitals should focus on risk management, Moody's says.

New York Gov. Andrew Cuomo wants President Trump to provide "emergency" funds to repair Manhattan’s Penn Station.

Colorado Gov. John Hickenlooper won't call lawmakers back for a vote on $3.5 billion for highway bonds.

A bid to privatize the Westchester County, N.Y. airport may be grounded this year by local politics.

S&P Global Ratings named Ken Gacka to manage analysis of the not-for-profit healthcare sector.

The merger of two Twin Cities area not-for-profit hospital systems is expected to close June 1.

Public power agencies in Georgia and South Carolina face headwinds from the Westinghouse bankruptcy.

The June Federal Open Market Committee meeting should be live, Federal Reserve Bank of Philadelphia President Patrick Harker said.

California's senior senator vowed to oppose DOT nominees until Caltrain funding is released.