Economy

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.

Prime Healthcare backed out of deal to purchase California's ailing Daughters of Charity Health System, a six-hospital chain, because it objected to conditions imposed by California Attorney General Kamala Harris.

An Australian company is set to pay $5.7 billion for the 75-year lease of the Indiana Toll Road from the bankrupt company that bought it for $3.8 billion in 2006.

Increasing the federal gasoline tax by 10 cents per gallon to generate enough revenue to fully fund a multiyear federal transportation bill could, in turn, be offset by a 2% drop in the top margin income tax rate, the nonpartisan Tax Foundation said in a recent report.

Philadelphia Mayor Michael Nutter has proposed a 2016 budget proposal that aims to tackle rising pension and healthcare costs.

The state of Kentucky will provide half of the financing needed to build a state-of-the-art medical research facility that will target diseases that disproportionately affect residents of the Commonwealth.

The Sierra Kings Health Care District in California has paid the U.S. Treasury $20,000 to settle tax issues and preserve the tax-exempt status of bonds it sold in 2007 and 2009.

Two Texas senators have added to the anti-toll legislation in the 2015 legislative session, filing bills to limit the use of public-private partnerships to non-toll projects and other legislation.

Pressure from constituents may be best hope for quick congressional approval of a long-term federal transportation bill, industry advocates say.

States seeking to boost their transportation funding are finding gasoline tax increases as the most effective path to progress.

San Diego officials rolled out a reform program aimed at speeding up plans to repair 1,000 miles of city streets in five years.

An airline group asks Congress to oppose a proposal by airports for a 90% boost in a federal passenger fee that funds capital projects.

University Hospitals, one of northeast Ohio's largest providers, is in talks to acquire stand-alone hospital Samaritan Regional Health.

A bill that dedicates about $2.5 billion from vehicle sales taxes to non-toll highway projects is the first to win state Senate approval in the 2015 Texas Legislature.

The House passes a four-year Amtrak funding bill that requires a study of high-speed passenger rail from Washington, D.C., to Boston.

Massachusetts Gov. Charlie Baker's proposed $38 billion budget projects $1.6 billion savings in Medicare expenses and establishes an MBTA weather resiliency fund.

Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.

Phoenix voters will consider a plan to fund $33 billion of transportation programs through 2050 with a 0.72-cent sales tax.

A group opposing C's planned passenger train service says its economic analysis questions the viability of the project.

Portfolio manager Michael Pepe is buying bonds with 10-year call provisions and hospital bonds with attractive yields to cope with a flat yield curve and tight spreads as the market awaits higher interest rates.