Economy

States will be hard-pressed to maintain their credit quality if they attempt to fund infrastructure needs solely through traditional tax-exempt debt financing, Standard & Poor’s said in a new report.

House Democrats want more federal highway and transit funding than provided in Rep. Shuster’s six-year, $325 billion bill.

A California legislative committee tasked with fixing the state’s transportation funding woes kicked off its work, vowing not to let the difficulty of the choices facing them prevent a solution from emerging.

House Transportation & Infrastructure Committee is on schedule to vote Oct. 22 on a six-year highway funding bill.

Economic study says privately financed Texas bullet train could generate billions of tax dollars for state and local governments.

While the intricate funding details for New York MTA’s five-year capital program are new, the backdrop had a familiar ring.

Officials at major U.S. ports, speaking at an infrastructure summit, said they are receptive to exploring private-public partnerships as a funding source to meet infrastructure needs.

Investors squeezed a more modest penalty out of Chicago on a recent $419 million wastewater revenue bond deal than they have demanded on its general obligation paper, market participants said.

Raymond James has hired Jack Dudick in the firm’s Healthcare Finance group in Chicago.

Environmental advocates called a San Diego regional planning agency’s $204 billion transportation plan a re-tread of its 2011 plan that favors highways over transit.

Three New Jersey State Senate leaders are pressing the Port Authority of New York and New Jersey to authorize construction of a new bus terminal in Manhattan.

The Southeastern Pennsylvania Transportation Authority has promoted its Treasurer Richard G. Burnfield to the position of deputy manager.

Christopher Brogdon, who was at the center of more than a dozen problematic healthcare municipal bond deals for which at least $2 million was unaccounted for, will resign from the board of healthcare firm AdCare.

House Transportation Committee next week will consider a multiyear highway funding bill that lacks revenue provisions.

Indiana Gov. Mike Pence unveiled a new $1 billion, four-year road and bridge construction plan that draws from reserves and calls for new borrowing.

Fitch Ratings revised its outlook on Elmhurst Memorial Healthcare’s BBB rating to positive from stable in recognition of its post-merger growth.

A new poll by AAA finds 45% of Americans blame Congress for an inadequate level of transportation funding.

South Dakota’s Sanford Health is bringing $176 million of A-plus rated hospital bonds to market this week in a deal that will mark the final financing of the system’s largest construction project to date.

Standard & Poor’s has lowered St. Anthony’s Medical Center by two notches to A-minus over dents in its operating performance.

Moody’s Investors Service dropped Good Samaritan Hospital in Knox County, Indiana by one level to Baa2 and warned of the potential for further deterioration by leaving a negative outlook on the rating.