Economy

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.

Heavy lifting remains after political and transit leaders announced an agreement for a five-year New York MTA capital program.

Virginia will consider the qualifications of six potential partners before making decision on $2.1 billion upgrade of I-66.

New York City could contribute a lot more to the MTA’s capital plan if the state can stop lockbox raids and give the city more say, says Mayor Bill de Blasio.

Chicago Mayor Rahm Emanuel warned Thursday that Congress and the Executive Branch should not hurt two federal loan programs for infrastructure: the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation & Improvement Financing programs.

Chicago’s motor fuel tax bonds became the latest victim of Illinois’ budget stalemate Wednesday when S&P dropped the debt six notches, to BBB-plus.

House consideration of Senate’s six-year transportation bill could avoid a nationwide rail shutdown, said Sen. Barbara Boxer, D-Calif.

Tennessee Gov. Bill Haslam wants local officials to join his call for more state funding for transportation infrastructure.

Investors looked past an S&P downgrade and a critical control board report as the Massachusetts Bay Transportation Authority sold $357 million of sales tax bonds.

Strong growth in traffic prompts a Moody’s Investors Service upgrade on Harris County Toll Road Authority’s senior revenue bonds.

Most Arkansas polled in a recent survey do not favor a gasoline tax increase to cover a road revenue shortfall.