Economy

A proposed constitutional amendment approved by House and Senate leaders would dedicate $2.5 billion of the general sales tax to the highway fund and add a portion of motor vehicle sales taxes beginning in 2020.

The Massachusetts legislature’s joint committee on transportation has scheduled a public hearing on Gov. Charlie Baker’s bill to overhaul the MBTA.

States have pulled back up to $2 billion of scheduled road projects due to uncertain federal transportation funding.

New service and a rebound in passengers at Orlando International Airport have expedited planning for a new $1 billion terminal.

Standard & Poor's has revised its outlook to positive from stable on Illinois-based Blessing Hospital's A-minus rating in recognition its solid operations.

The Central Florida Expressway Authority plans to issue $193 million in bond anticipation notes to provide interim financing for work on the Wekiva Parkway.

Moody's Investors Service downgraded WakeMed, N.C.'s bonds to A2 from A1 due to its weakened financial performance.

New Jersey State Senate president Stephen Sweeney used the opening of Memorial Day weekend to call for more transportation investments.

Few options that could provide enough revenue to increase transportation spending seem politically feasible, Moody’s says in new report.

El Paso Children’s Hospital's bankruptcy filing led to board resignations and the threat of a rating downgrade, though $120 million of bonds appear well secured by a general obligation pledge.

Work on North Carolina’s Interstate 77 express toll lane project will begin this summer with a lawsuit pending and over recent objections filed by some communities.

The Puerto Rico government and a healthcare coalition are lobbying to prevent cuts in healthcare spending that they say would hurt the island's economy.

Credit risks for the Port Authority of New York and New Jersey are shifting because the agency is relying more on toll collections than aviation revenue to pay off debt, according to Moody's Investors Service.

Congressional study says airports lack adequate infrastructure because revenues for airport expansions and improvements are limited.

Rep. Brian Higgins, R-N.Y. has introduced a bill that would direct the Transportation Department to establish a competitive grant program for state and local governments, as well as transit and port authorities, to help finance their infrastructure projects.

Congressional Democrats, White House may find it difficult to end short-term HTF extensions when latest one lapses.

New York’s MTA board approves four bond counsel firms and one disclosure firm with a goal of involving more minority- and women-owned businesses.

El Paso Children’s Hospital filed for Chapter 11 bankruptcy protection on May 19 after negotiations over a debt to county-owned University Medical Center fell apart, officials said.

DBRS Ltd., the Canadian credit rating agency, made its first full foray into the U.S. market last week when it rated the North Carolina Department of Transportation's $100 million private activity bond deal.

The House voted 387 to 35 on a bill Tuesday night that would reauthorize surface transportation programs for another two months and avoid a cutoff of federal reimbursements to states for highway and transit projects during the busy construction season.