Economy

The $11 billion, 10-month legislative bailout of the Highway Trust Fund adopted overwhelmingly by the House would stymie the best chance for a long-term solution for transportation funding, according to most industry experts.

Shortly after the sighs of relief that followed the Long Island Railroad labor contract announcement, skeptics questioned how it will be paid for without fare hikes or cutting into Metropolitan Transportation Authority capital funding.

New York Gov. Andrew Cuomo and negotiators announced a deal to avert a Long Island Rail Road strike that loomed three days away.

President Obama announced a new federal effort to connect local governments with private investor partners in transportation infrastructure projects during his visit Thursday to a shuttered bridge in Delaware.

Providence Health & Services priced a deal to finance acquisition of a California hospital, an example of the consolidation trend in healthcare as hospitals grapple with financial pressures wrought by the federal healthcare law

The Connecticut Bond Commission is set to approve $2.75 million for the new Barnum train station in East Bridgeport, said Gov. Dannel Malloy.

New York's MTA and a consortium of eight Long Island Rail Road unions resumed contract talks four days before the unions are authorized to strike

Moody's Investors Service downgraded University Medical Center Corp.'s $330 million of debt to Baa2 and retained a negative outlook as a possible sale of the Tucson, Ariz. hospital develops.

The House adopted a 10-month, $10.8 billion short-term fix for the almost insolvent Highway Trust Fund.

Chances for swift passage of a billion bailout of the highway fund rise with Obama's support of the House's temporary fix.

Unpaid medical bills dropped 31% in the first four months of the year after Arizona expanded Medicaid coverage to the working poor, according to a survey by the Arizona Hospital and Healthcare Association.

New York's MTA and a consortium of Long Island Rail Road unions broke off contract talks, six days before LIRR workers are authorized to strike.

An economic study that stresses the value of investments in transportation is part of a weeklong effort by President Obama to get a long-term highway funding bill.

The State Highway 130 Concession Co. that operates a new, lightly traveled toll road outside Austin says it has reached new terms with its lenders and is not in default.

Indiana should impose a new tax to raise revenue for transportation infrastructure, a blue ribbon panel has recommended to Gov. Mike Pence.

The Kansas Department of Transportation will bring $250 million of new money revenue bonds to market for major construction projects under its T-Works program.

Moody's Investors Service has revised Aurora Health Care Inc.'s outlook on its A3 rating to positive from stable in recognition of its improving performance.

The Army Corps of Engineers is developing policies and procedures for a pilot program of partnering with private sector investors on waterway and port projects, a top Corps official told a House subcommittee.

A generous settlement with Long Island Rail Road unions could divert critical pay-as-you-go funds from critical MTA capital needs, Moody's said.

House and Senate tax-writing committees approved similar but not identical 10-month, $10.8 billion bailouts of the almost-depleted Highway Trust Fund, with each chairman contending his panel's bill is the most bipartisan measure.