Economy

The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.

Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.

Key portions of a lawsuit filed by a group of Chicago retirees to block the city’s attempt to phase out their healthcare subsidies can proceed, a state court judge ruled.

Standard & Poor's raised St. Louis’s parking revenue bonds by one notch as the credit profile received a boost from a recent rate increase.

The five-year federal transportation funding act and state initiatives will boost infrastructure construction next year, ARTBA said.

California Attorney General Kamala Harris approved a management agreement for the Daughters of Charity Health System saying it would stave off bankruptcy and maintain services at the hospital chain.

Improving operating margins helped win Missouri-based Mercy Health a stable outlook from Moody's Investors Service.

New York’s MTA says it has substantially completed two significant contracts on East Side Access, the megaproject intended to bring LIRR service to Grand Central Terminal.

President Obama signed a five-year, $305 billion transportation funding bill on Friday.

Connecticut Gov. Dannel Malloy announced an agreement with Amtrak to complete Hartford line commuter rail service between New Haven and Springfield.

The House passed a multiyear transportation funding bill on Thursday that provides $305 billion over five years.

Motor fuel tax revenues and gambling tax funds owed to local governments in Illinois would begin flowing again under legislation advancing with Gov. Bruce Rauner’s support.

With the nation’s largest percentage of uninsured patients, Texas hospitals face great uncertainty over whether the federal government will renew a five-year Medicaid waiver or penalize the state for not expanding coverage, experts say.

General revenue offsets totaling $70 billion in the five-year highway bill must cover a shortfall in gas tax collections.

Philadelphia International Airport CEO Mark Gale is retiring after six years running the nation’s 12th busiest airport.

The transportation conference committee on Tuesday reported a five-year bill that provides $305 billion of federal funding.

The conference committee on the transportation bill revived a transit funding program aimed at congested urban areas.

The Port Authority of New York and New Jersey is planning a $6.5 billion 2016 spending plan that funds major transportation projects, the agency announced Monday.

Democratic presidential contender Hillary Clinton proposed $275 billion of new federal infrastructure funding at a campaign rally in Boston on Sunday.

In its last deal of the year, the University of Texas System will offer investors a choice of taxable or tax-exempt bonds in a $241 million pricing.