Economy

A bipartisan trio of lawmakers wants to fund infrastructure with revenues from international tax reform.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

The Massachusetts Bay Transportation Authority's fiscal oversight board approved a five-year, $28 million warehouse privatization contract with Management Consulting Inc.

Chicago receives $1.1 billion of federal rail grants in final days of Obama administration.

Indiana’s Gov.-elect Eric Holcomb is eyeing the state’s existing $500 million Next Generation Trust Fund -- set up years ago from proceeds of the Indiana Toll Road Lease – to fund investments in entrepreneurship and to support early-stage and mid-size Indiana companies.

Extending a temporary sales tax to keep Arkansas roads in good shape preferred by voters in new statewide funding study.

Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program.

The Port Authority of New York and New Jersey approved a preliminary $32 billion 10-year capital plan that advances partial funding for a replacement Manhattan bus terminal.

Honolulu Mayor Kirk Caldwell dedicated the majority of his inaugural speech to Oahu’s troubled multi-billion elevated rail line.

The Los Angeles County Metropolitan Transportation Authority has secured $1.5 billion in federal grants and loans needed to accelerate a subway line.

Municipal market participants and others need not panic over the Republican threats to repeal the Affordable Care Act because health care plans are locked in under the ACA until at least 2019, a key member of President-elect Trump’s transition team said Thursday.

Indiana GOP House leaders offer $1.2 billion per year road funding plan fueled by gas tax hike.

A coalition of state, local, and infrastructure groups is pushing the California Legislature to act on transportation funding soon in 2017 after failing to reach a last-minute deal in 2016.

New York Gov. Andrew Cuomo is proposing a roughly $10 billion modernization of John F. Kennedy International Airport that could incorporate elements of a public-private partnership.

The Chicago Transit Authority hits the market as soon as Tuesday with $325 million of sales tax receipts revenue bonds under a new second lien.

A Texas court will determine if a proposed high-speed rail line can use eminent domain to survey and acquire land.

The U.S. Department of Transportation told a Florida congressman who made inquiries about All Aboard Florida’s financing that it “does not evaluate ridership, revenue, or creditworthiness” for private activity bond allocations.

Sen. Chuck Schumer, D-N.Y., said Tuesday in his inaugural speech as Senate Minority Leader that he hopes for more direct spending in President-elect Donald Trump's proposed $1 trillion infrastructure plan.

The harmful effects of a repeal of the federal Affordable Care Act without a replacement package to soften the blow would extend beyond hospitals to lllinois' economy, according to the state hospital association.