Economy

The Senate will consider a House-approved transportation appropriations bill that keeps fiscal 2016 highway funding at fiscal 2015 levels.

The Illinois State Toll Highway Authority is highlighting to investors its double-A ratings and fiscal strength as it prices a $400 million deal against a backdrop of two recent downgrades to Illinois state general obligation bonds.

House Transportation and Infrastructure Committee leaders have introduced a bill that would extend transportation funding through Dec. 4 to give House and Senate conferees time to negotiate a multiyear measure.

The Wyoming Department of Transportation says it needs an additional $62 million per year to maintain its roads and bridges, even as a recent report concludes that the state faces a sharp drop in revenue due to a weak oil and gas market.

The Southeastern Pennsylvania Transportation Authority has opened its first new regional station in nearly 20 years as part of a public private partnership.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

A consortium of Canadian pension funds will take over the lease rights to the Chicago Skyway toll road for $2.8 billion.

Already endangered by state and federal spending cuts, many rural hospitals in Texas are facing additional strain from falling oil and gas prices.

Moody’s Investors Service has revised the University of Chicago Medical Center's outlook to stable from negative thanks to two years of stronger operating margins.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.

Rating upgrades overlook rural and secondary markets with high unemployment and aging demographics that will continue to challenge hospitals in those markets.

Detroit-based Henry Ford Health System will acquire Allegiance Health, a union that offers benefits for both in what marks the latest in an ongoing wave of healthcare consolidations.

Virginia Gov. Terry McAuliffe plans to ask lawmakers for approval to issue up to $3.5 billion of bonds for capital needs, including transportation projects.

New York and New Jersey announced a deal to allow a long-stalled Amtrak tail runnel project between New York and New Jersey to move full steam ahead.

The Federal Transit Administration estimates that more than $131 billion will be needed for transit systems in poor and marginal condition, including almost $86 billion to replace infrastructure that has already exceeded its useful life, Moody’s Investment Service said in a report issued on Thursday.

Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.

Michigan’s recent adoption of a $1.2 billion road funding package was labeled a positive credit factor for the state’s transportation revenue bonds by Moody’s Investors Service.

Missouri has turned east to New Hampshire for a new head of transportation.

On the eve of pricing $1.75 billion of bonds for a privately owned intercity passenger train system, its Florida developers introduced Brightline as the name of the new service.

Tennessee’s cash-funded transportation system fails to keep pace with billions in backlogged needs, and residents must decide how to tackle the problem, Gov. Bill Haslam said Monday.