Economy

Kentucky's auditor wants legislators to restructure the Cincinnati/Northern Kentucky International Airport board after uncovering questionable expenses, policies.

New York City's Department of Education failed to recoup a cumulative $356 million in federal Medicaid funds between fiscal 2012 and 2014, said city Comptroller Scott Stringer.

A long-awaited report that recommends West Virginia issue $1.5 billion in bonds to fund transportation projects will be released in September.

Fitch Ratings shifted its outlook on O'Hare International Airport to stable from negative citing steady air traffic trends and more certainty over American Airlines' future at the airport after the airline's exit from bankruptcy.

S&P lowered its rating to AA-minus from AA on Berks County Municipal Authority, Pa.'s revenue refunding bonds, issued for Reading Health System.

Metropolitan Washington Airports Authority closes on a $1.3 billion federal loan to complete the final 11 miles of a light-rail line to Dulles International Airport.

Even as the city struggles to find funds to repair its own streets, Pocatello, Idaho street repair crews have been doing work in other Southeastern Idaho cities for free.

The Massachusetts Department of Transportation has begun a program to identify areas under elevated roads, bridges and viaducts for redevelopment opportunities.

Everything from mileage-based fee systems to higher state fuel taxes are on the table as states seek new ways to increase transportation funding.

North Carolina's Fayetteville Public Works Commission plans to price $110 million in revenue bonds in a rare competitive deal.

Georgia privately placed $26 million in bonds to finance the tolling system for a start-up express lane project south of Atlanta.

Boston, Philadelphia and Baltimore typify how the 'eds and meds' presence of universities and hospitals can boost older cities' credit profiles, said Moody's.

Moody's Investors Service on Tuesday withdrew its general obligation bond rating on Tehachapi Valley Healthcare District, Calif. citing a lack of financial information for fiscal 2013, affecting $63 million in debt.

Airport credits are stabilizing after major shifts in the airline industry, Moody's Investors Service said, but smaller hub airports face challenges.

Phoenix has formed a citizens committee to plan for expansion of the city's light-rail after Mayor Greg Stanton said he wanted to triple the length of the existing system over three decades.

Moody's Investors Service has raised its outlook to positive on Seattle Cancer Alliance's outstanding bonds.

After opening its light rail line to the airport four months early, Dallas Area Rapid Transit officials are pressing on with bond-financed rail development.

Mileage-based fees may one day replace the gasoline tax as the prime source for federal transportation funding, but it won't be quick and it won't be easy.

Running four months ahead of schedule on the light-rail connection to Dallas-Fort Worth International Airport that opened Monday, Dallas Area Rapid Transit leaders are taking no time to catch their breath after five years of intensive bond-financed development.

The felony indictment of Texas Gov. Rick Perry covers actions he took against the Travis County District Attorney's office while its investigators looked into grants to his campaign contributors from a $3 billion cancer research bond fund.