Economy

The current failure of House and Senate negotiators to find common ground on a short-term fix for the almost-insolvent Highway Trust Fund may not mean the ailing fund won't be patched, transportation experts said Wednesday.

The chairman of New York's Metropolitan Transportation Authority got the message he expected in Washington: Congress will not step in should LIRR workers strike.

The House Ways and Means Committee plans to vote on a bill Thursday that would transfer almost $11 billion to the Highway Trust Fund to keep it solvent through May 31, 2015.

Moody's Investors Service Raised its Outlook on Harris County Toll Road Authority’s Aa3 rating to positive, signaling a possible upgrade.

New York MTA Chairman Thomas Prendergast plans to visit congressional leaders in Washington after talks with Long Island Rail Road unions settled nothing.

States that have opted not to expand Medicaid under the new federal health care law could lose out on $66 billion in economic activity over the next three years and $88 billion in direct federal aid through 2016, the White House Council of Economic Advisors says in new report.

Standard & Poor's affirmed its A-plus ratings on Charlotte, N.C.'s $838 million in airport revenue bonds issued for Charlotte Douglas International Airport.

Erica Borggren, the Illinois director of veteran affairs, was named acting secretary of the Transportation Department following Ann Schneider's resignation after questions were raised over the department's hiring practices.

Connecticut Gov. Dannel Malloy on July 7 announced a $19.2 million package of state funding for six development and improvement projects in downtown Waterbury, as well as funding to redesign the signal system for Metro-North Railroad’s Waterbury commuter branch.

Congress must quickly fix the impending insolvency of the Highway Trust Fund without waiting for an executive order, President Obama said.

The Massachusetts Port Authority will come to market with a sale of $251.7 million of bonds for Logan International Airport improvements and refunding.

President Obama's warning that federal transportation funding will dry up is a scare tactic aimed at raising taxes, a conservative group said.

President Obama challenged Congress Tuesday on its inability to resolve the shortfall in the Highway Trust Fund.

Moody's Investors Service placed a negative outlook on Sutter Health’s revenue bonds, based on the system's poor operating performance and significant capital needs.

New York's Metropolitan Transportation and a consortium of eight Long island Rail Road unions are scheduled to meet before the National Mediation Board.

Central and west Florida expressway authorities are set to expand after Gov. Rick Scott signed two bills into law. One creates a new Central Florida Expressway Authority replacing the Orlando-Orange County Expressway Authority.

A $1 billion plan to create Austin's first urban rail system and to consider other transportation developments won unanimous endorsement from the city council.

Keolis, 70%-owned by the French national railway SNCF, assumed Massachusetts Bay Transportation Authority commuter rail operations.

Standard & Poor's has downgraded Good Shepherd Health System to a junk-bond rating of BB-plus as the East Texas healthcare provider tries to stave off an accelerated debt payment schedule.

The Indiana Finance Authority will sell $250 million of private activity bonds to finance a public-private partnership for a stretch of Interstate 69 that state officials say will be key to the state's future economic health.