Economy

Sen. James Inhofe, R-Okla., asks the House to move quickly on multiyear transportation bill to avoid disruptions this fall.

The Port Authority of New York and New Jersey has completed a $400 million modernization project at John F. Kennedy International Airport.

In Chicago’s second dose of good airport credit news, Standard & Poor's on Tuesday raised O’Hare International Airport’s ratings by one level as the city heads into the market next week with $2 billion of mostly refunding debt.

Moody's Investors Service has downgraded about $23 million of Sonoma Valley Health Care District, Calif. general obligation bonds to Baa1 from A1.

Arizona will have about a third of the money it needs to maintain roads and bridges over the next 25 years, according to the state auditor.

House Majority Leader and top candidate to replace Rep. John Boehner, R-Ohio as House Speaker, says he’s confident Congress will pass a multiyear highway bill in October.

The Texas Transportation Commission decided tolls are not needed to fund a proposed $530 million highway project.

The Texas Public Finance Authority expects its triple-A credit to attract institutional and retail investors to an upcoming $445 million issue of taxable general obligation bonds for cancer research and prevention.

Chicago received a rare bit of good credit news Friday as Fitch Ratings elevated its outlook on O’Hare International Airport’s general credit to positive ahead of a $2 billion sale.

Honolulu Mayor Kirk Caldwell sent a letter to rail officials demanding answers about $1.1 billion in cost overruns on Oahu’s 20-mile elevated rail project.

The New Jersey State Senate pressed the federal government on Sept. 24 to accept a funding proposal for a new $20 billion Gateway rail tunnel project with a bipartisan resolution that passed in a 38-0 vote.

New York's MTA will review its $152 million contract with its paratransit Access-a-Ride service provider after employees told board members of mistreatment.

The Port Authority of New York and New Jersey has approved a 75-year lease with a developer to transform the former TWA Flight Center at John F. Kennedy Airport into a hotel complex.

Longtime Philadelphia Regional Port Authority (PRPA) Executive Director James T. McDermott Jr. is planning to retire on April 15, 2016,

The Fremont-Rideout Health Group received a three-notch Standard & Poor's downgrade to BBB from A on three series of revenue bonds, citing a sharp deterioration in financial performance.

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

Texas Gov. Greg Abbott tells road planners to look at projects that eliminate bottlenecks and reduce traffic congestion.

Major bond-financed investments have been paying off for some of Northern California’s smaller airports, which have seen their multi-billion dollar projects followed by more airline and passenger business.

Rating agencies have restored stable outlooks on the University of North Texas system as UNT prepares to go to market with $222 million of revenue bonds.

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.