Economy

President Obama's four-year, $302 billion transportation funding bill, introduced in the House by a bipartisan pair of representatives, is not expected to gain traction in the Republican-controlled chamber.

The Internal Revenue Service has determined in an audit that general obligation bonds issued in 2007 and 2009 by the Sierra Kings Health Care District in California are private-activity bonds and not tax-exempt governmental bonds.

A swift-moving "glitch" bill is moving quickly in the North Carolina General Assembly to clarify the governance of the Charlotte Douglas International Airport.

More than 50% of Americans would support an increase in the federal gasoline tax if the revenues are dedicated to highways and mass transit, AAA survey says.

The Des Moines Airport Authority Board approved a long-term site plan that calls for construction of a new, $468 million partially bond-financed terminal but officials still need to identify $200 million in financing.

California's plan to build a $68 billion high speed rail system in the state is being challenged by two counties and a city, which say the plan violates the state's environmental laws.

Rep. Peter DeFazio wants to build highways with a wholesale tax on oil and repeal the federal gasoline tax.

The Orlando-Orange County Expressway Authority board approved a $230 million interchange project in what was likely its final act before the agency is transferred to a new organization.

The Chicago Transit Authority has received a first time rating from Kroll Bond Rating Agency of AA on its upcoming sale of nearly $600 million of sales tax backed revenue bonds to fund capital projects.

President Obama signed into law Tuesday a $12.3 billion water infrastructure bill that funds 34 port, inland waterway, and flood control projects.

Senate Budget Committee chairman Patty Murray says closing corporate tax loopholes would pay for federal transportation funding needed to avoid a shortfall in the Highway Trust Fund.

Connecticut and New York's MTA will jointly pursue $349 million in federal resiliency funds to replace the 118-year-old Walk Bridge in Norwalk, Gov. Dannel Malloy said.

Kroll Bond Rating Agency provided its first rating for a Texas issuer and for an airport June 9, rating Dallas-Fort Worth International Airport AA-minus.

House GOP leaders push ahead with a plan to fund highway projects for a year with savings realized by limited Saturday mail deliveries.

Moody's Investors Service has downgraded Illinois-based Presence Health's rating one level to Baa2 due to ongoing operating pressures.

The Metropolitan Atlanta Rapid Transit Authority adopted a $885.7 million budget for fiscal 2015 and approved the sale of $287 million of bonds June 5.

Health-care cost savings in contracts between New York City and its municipal labor unions should be recurring and "bend the cost curve" by making the system operate more efficiently, said Carol Kellermann, president of the Citizens Budget Commission watchdog organization.

Macomb County, which is adjacent to Detroit, is considering issue $270 million of long term bonds to cover its retiree health care benefit liability.

New study links increased public corruption to high levels of state expenditures on highways and other construction projects.

Infrastructure in New York City and around the Northeast is crumbling. How to pay to fix it is a question without easy answers.