Economy

Millions of jobs and billions of dollars in state road and transit projects are at risk unless a multiyear federal transportation bill is in place by the end of May, Senate Finance Committee Democrats warned on Tuesday.

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

New York’s MTA may have to raise fares by as much as 15% if its proposed capital plan falls short, according to chief financial officer Robert Foran.

The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.

Denver International Airport chief Kim Day rebuffs accusations of faulty accounting on the $544 million South Terminal Project that includes a hotel and commuter rail station.

Public-private partnerships may become an important tool for transportation financing, but must overcome political and social hurdles in the U.S.

Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.

Colorado's $25 billion state budget is already signed, but lawmakers still have other bills to resolve before the imminent end of their session including a proposal to authorize $3.5 billion of tax revenue anticipation notes for highway projects.

The Federal Railroad Administration has approved a $967.1 million loan to New York’s MTA for signal system safety improvements along Long Island and Metro-North commuter railroads.

Chicago Mayor Rahm Emanuel tapped Forrest Claypool, his longtime friend and hand-picked head of the Chicago Transit Authority, as his next chief of staff.

Maryland Gov. Larry Hogan wants major cost reductions in Purple Line P3 rail proposal or he'll kill the project.

After Boston’s mass transit system ground to a halt during the winter, the wheels for overhauling the agency that runs it have begun to turn.

Airline advocates told Senate Commerce Committee members at a hearing on Thursday that there is no need to almost double the federal passenger facility fee that airport executives contend is necessary to fund terminals and other facilities needed to meet projected growth in air traffic.

Gov. Charlie Baker, acting on several recommendations by a special panel, filed legislation to establish a fiscal control board to run the Massachusetts Bay Transportation Authority.

An economic study says Maryland’s proposed $2.45 billion Purple Line light rail would boost area’s income and job opportunities.

Unclogging the congested road and bridge connections linking ports with land trade routes will cost $29 billion by 2025, an AAPA survey has found.

San Diego Mayor Kevin Faulconer launched a plan to cut red tape and make it easier for the city to move forward on a program to repair its streets and sidewalks.

Mercy Health, Ohio’s largest health care provider, prices $400 million of bonds this week, joining a handful of higher-rated hospitals that have started to return to the capital market after years of delaying deals.

Moody's Investors Service lowered its general obligation bond ratings for Clarendon Hospital District, S.C., to Baa2 because of its narrow cash position.