Economy

Scranton, Pa., has chosen a National Development Council bidding team to operate its parking assets under a P3 that could improve the city’s reputation in the bond markets.

The Affordable Care Act is helping lift the non-profit health care sector out of its years-long torpor, according to Standard & Poor’s, which revised its outlook on the sector to stable from negative.

The Illinois Finance Authority board advanced nearly $400 million of new borrowing plans at its meeting Thursday in deals that highlight the popularity of direct placements.

Key House committee chairman says not enough time for agreement on funding a multiyear highway bill before current extension expires.

Fitch Ratings downgraded to junk $683 million of Loma Linda University Medical Center, Calif. revenue bonds saying the hospital plans to issue more debt next year to tackle earthquake safety projects than it had anticipated.

Moody’s Investors Service downgraded the rating of Lancaster, Calif.-based Antelope Valley Hospital District further into junk territory citing the sudden resignation of the hospital’s chief executive officer this summer.

New York’s Metropolitan Transportation Authority on Sunday expects to open its long-delayed 1.5-mile extension of the No. 7 subway line, a $2.4 billion, city-backed project.

Tuesday’s ouster of United Airlines’ CEO Jeff Smisek and two senior officials at the carrier in the midst of a federal investigation related to dealings with the Port Authority of New York and New Jersey has brought new scrutiny to the transportation agency.

Latest estimate shows Highway Trust Fund to stay solvent through June 2016, easing pressure for quick passage of long-term highway bill.

The Oregon Facilities Authority is preparing to sell a cross-border deal when it issues $71.1 million of bonds for Providence Health & Services in Washington.

OSF Healthcare System in Illinois heads into the market next week with its $368 million sale with a second dose of good credit news.

The Port Authority of New York and New Jersey’s reform legislation and priorities for its 10-year capital plan will be examined during hearings scheduled for Sept. 10 before the New Jersey Senate Legislative Oversight Committee.

Arkansas revives road projects stalled over federal funding concerns, but officials say long-term HTF solution is essential.

Puerto Rico Gov. Alejandro García Padilla announced Friday the planned start of construction of a train line between San Juan and Caguas.

With upgrades from two rating agencies, the North Texas Tollway Authority expects another reduction in its debt service costs with $744 million of refunding bonds, according to chief financial officer Horatio Porter.

The twin ports of Los Angeles and Long Beach are bracing for potential impacts from a slowing Chinese economy.

Prospects for bringing all New York subway stations to a state of good repair are dim even if the MTA gets full capital funding, said a watchdog organization.

Florida's Martin and Indian River counties launched new legal challenges to the private All Aboard Florida passenger train project within days of a scheduled $1.75 billion bond offering.

California lawmakers are getting closer to finding more money for the state's infrastructure with less than two weeks left in the regular legislative session, though deep divides remain.

The Teamsters union and New England governors are making separate pushes for prompt action on long-term federal transportation funding.