Economy

U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.

Robert Poole, a leading expert in the U.S. public-private partnership transportation sector, joins infrastructure reporter Caitlin Devitt to talk about upcoming deals including toll lanes and bridges in the Southeast and high speed rail in the West as well as states that are advancing P3s and action on the federal front. (37 minutes)

The proposed $1 billion bond measure would fund port improvements needed to push the state's nascent offshore wind power industry forward.

The rating agency cited traction on its financial turnaround in revising the outlook on the junk-rated hospital to stable from negative.

Maura Healey's budget plan for fiscal 2025 features more money for the Commonwealth Transportation Fund, which would increase its bond capacity by $1.1 billion.

After two auctions, Mercy Hospital, a nonprofit hospital in Iowa City, was sold, but bondholders' recovery will hinge on the Chapter 11 liquidation process.

The bond trustee for the city of Nevada, Missouri-owned Nevada Regional Medical Center declared its bonds to be in default.

Fitch Ratings downgraded the private-activity bonds supporting LAX's people mover bonds to junk, but said they could fall lower if the airport doesn't reach an agreement on delay concessions.

The new legislation does not include a SALT cap adjustment, though some lawmakers had been holding out for one.

Fitch Ratings recently downgraded Marshfield Clinic Health System, a nonprofit group of 11 hospitals in central Wisconsin, to BBB from BBB-plus.

A letter co-sgned by Bond Dealers of America and the Securities Industry and Financial Markets Association urges the Municipal Securities Rulemaking Board to institute its 2024 rate card, for fear that reverting back to 2023 levels would be disruptive for dealers.

Inflation and mandate pressures are key factors that moved the outlook lower.

Providing care for thousands of migrants is contributing to the system's escalating uncompensated care costs.

Katz is well known for guiding operational improvement and expense control in the financial services sector, his new employer said.

VTA's auditor general dinged project managers for misleading communications and a "breach of transparency" regarding cost overruns and delays on the $12.2 billion San Jose extension of a Bay Area Rapid Transit line.

"Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to public finance at a time when our competitors are laying off in droves or retrenching from the sector entirely," said Suzanne Shank, president and CEO of Siebert Williams Shank.

Altadena, California-based Episcopal Communities & Services for Seniors was able to sell bonds through a treasurer's conduit thanks to the new state law.

Ohio Gov. Mike DeWine rolled out the Welcome Home Ohio program, a product of the Ohio legislature's biennium budget bill, House Bill 33.

A bill with House and Senate support would change LIHTC bond requirements

Bonds issued through the Westchester County Local Development Corp. will create a centralized base for the nonprofit's blood distribution and lab operations.