Economy

Funding boost in Obama's $478 billion transportation proposal needed so state agencies can build significant projects, Foxx says.

Political controversies in Washington, D.C. are clouding the future of infrastructure funding in the United States, experts said at the National Municipal Bond Summit.

A Feb. 24 proposal from New Jersey Pension and Health Benefit Study Commission provides a "roadmap" to address high costs associated with the state's retiree benefit programs, according to Build America Mutual.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

A reduced capital plan for 2015 to 2019 could affect expansion projects such as the Second Avenue subway line, New York MTA chairman Thomas Prendergast told lawmakers in Albany.

With nine bills in the Legislature seeking to curtail the development of turnpikes in Texas, opponents see a chance to alleviate "toll fatigue."

The Texas Transportation Commission authorized contracts for $2 billion of road and bridge projects, including $1.74 billion approved by voters Nov. 4.

The substitution of new letters of credit caused Standard & Poor's to boost the long-term ratings on some Clark County, Nevada airport system subordinate-lien revenue bonds issued for Las Vegas McCarran International Airport.

The snow and deep freeze that pummeled Massachusetts incapacitated the Massachusetts Bay Transportation Authority, pushing the embarrassed transit agency into a harsh national glare.

Georgia Gov. Nathan Deal has initiated a pilot program to prop up the state's financially ailing rural hospitals.

Utah Sen. Kevin Van Tassel's bill to increase Utah fuel taxes by 10 cents per gallon is gathering support and clearing legislative hurdles as the Beehive State seeks to keep up with transportation needs.

Moody's Investors Service revised its outlook for Cedar Rapids, Iowa-based Mercy Medical Center to stable from negative Feb. 24, when it affirmed the medical center's A2

The Kentucky House has passed major legislation that would authorize the state to use public-private partnerships.

The Obama administration has no Plan B for the revenue that would be needed to support its proposed $478 billion, six-year transportation measure if Congress fails to pass its corporate tax reform proposals, Transportation Secretary Anthony Foxx said Thursday.

The Securities and Exchange Commission is investigating bonds issued in 2013 by the former scandal-ridden Orlando-Orange County Expressway Authority and underwritten by Citi.

The board of New York's MTA has qualified military-oriented investment firms Academy Securities and Drexel Hamilton LLC for co-manager assignments on bond transactions.

Congress should pass a short-term transportation bill by mid-March so that the construction season can be as robust as possible, the top Democrat on the House Transportation and Infrastructure Committee said Thursday.

A plan to divert up to $2.5 billion of vehicle sales tax revenue to highway projects gained momentum as a lobbying organization called Move Texas Forward joined forces with legislative leaders.

Standard & Poor's has assigned a positive outlook to Good Shepherd Medical Center’s BB-minus credit after the East Texas healthcare system restructured $88 million of debt and raised cash through asset sales.

Arkansas saw the largest drop in the percentage of uninsured in 2014, followed closely by Kentucky, according to a recent Gallup poll.