Economy

The Senate will move forward with a compromise six-year transportation funding bill hammered out over the weekend in negotiations between Senate Majority Leader Sen. Mitch McConnell, R-Ky., and Sen. Barbara Boxer, D-Calif., despite a setback on a procedural vote on Tuesday.

The Illinois Finance Authority is rolling out a new financing program to help smaller hospitals purchase equipment and meet federal healthcare record-keeping mandates.

Republic Airport on Long Island will be receiving $24.2 million in safety enhancements with majority of the funding coming from a federal grant, New York Gov. Andrew Cuomo announced on July 18.

The Michigan House is expected to adjourn for the summer without voting on a controversial plan to generate new road money for the state.

Standard & Poor's says Children’s Hospitals and Clinics of Minnesota could win an upgrade if its operations remain on the upswing.

Moody’s Investors Service has raised Minneapolis-based Fairview Health Services’ rating by one level to A2 ahead of its upcoming revenue bond sale for $120 million.

Senate Republican leaders are working on a multiyear transportation bill that would resolve the shortfall in the Highway Trust Fund by dedicating roughly $40 billion of additional revenue to it from a variety of sources.

The Daughters of Charity Health System has reached an agreement with a private investment firm that will invest $250 million in the ailing California hospital nonprofit.

A recent upgrade from Moody’s could cut interest costs for this week’s $500 million bond sale, said New York MTA official.

Gov. Charlie Baker appointed the five-member Massachusetts Bay Transportation Authority control board right after signing the $38 billion fiscal 2016 budget.

Virginia will eliminate tolls on two tunnels under construction with $78 million saved by cancelling a P3 road project.

Sen. Ron Wyden, D-Ore., hopes that one day, parents will give their kids infrastructure bonds for the holidays.

Senators are optimistic about passage next week of a multiyear transportation funding reauthorization measure.

Tampa General Hospital in west-central Florida has been upgraded to A from A-minus by Fitch Ratings due to a "significant strengthening of liquidity metrics."

The Port of Seattle is set to sell nearly $600 million of bonds next week to refund outstanding debt and to finance new projects at the city's airport and other facilities.

The New Jersey Transit Board of Directors has approved a 9% fare hike as part of its fiscal 2016 operating budget adopted on July 15.

Standard & Poor's has downgraded Laramie County, Wyo.'s 2012 bonds issued for Cheyenne Regional Medical Center to A from A-plus.

The Delaware River Port Authority's board approved an $18 monthly credit for E-ZPass monthly account users on four bridges connecting Greater Philadelphia and New Jersey.

The House on Wednesday voted 312 to 119 to approve a bill that would extend federal transportation funding through Dec. 18, with an $8.1 billion transfer from general funds to the Highway Trust Fund.

A New Jersey tax court ruling stating that one of its nonprofit hospitals is not exempt from property tax payments from 2006 to 2008 is unlikely to have implications in other states, according to Fitch Ratings.