Economy

The Missouri Highways and Transportation Commission hits the market next week with a $900 million refunding as it awaits legislative word on whether a sales tax hike to ease its funding crunch will go to voters this fall.

The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.

Atlanta Mayor Kasim Reed has appointed Miguel Southwell as the new general manager of Hartsfield-Jackson Atlanta International Airport.

The "Detroit Three" automakers are reportedly considering giving up to $25 million or more in a plan that would raise money for the bankrupt city's pensioners while protecting the city's prized art collection.

Lake Worth, Fla., holds a series of public meetings to discuss infrastructure improvements, some of which are expected to be financed with $60 million in bonds.

Moody's Investors Service has revised its outlook on Iowa-based St. Anthony Regional Hospital's Baa2 rating to negative.

Standard & Poor's dropped Centegra Health System in Illinois' rating by one level to BBB ahead of its nearly $200 million sale of debt through a public offering and direct bank placements.

Moody's said it may downgrade Henry Ford Health, one of Michigan's largest providers, due to continued operating performance declines and other challenges.

Lawmakers have reconciled differences in House and Senate versions of a water infrastructure bill that would authorize $8 billion of federal funding.

The Senate Environment and Public Works Committee will vote on a surface transportation reauthorization bill on May 15, committee leaders announced Thursday.

Kansas City International Airport should build a new state-of-the-art central terminal to replace its existing three, a special mayoral advisory group recommended Wednesday.

Transportation finance experts expect robust bond financing of new transportation and infrastructure projects in the near future, even though federal policy is making those investments increasingly tricky.

Sen. Barbara Boxer, D-Calif., has announced that she will introduce a multiyear transportation reauthorization bill on Thursday.

Indiana and Illinois have finalized a bi-state development pact for the proposed Illiana Corridor toll road that commits the two states to a combined funding contribution of up to $350 million.

Miami-Dade County plans to lower borrowing costs for improvements at PortMiami by issuing $208 million of bonds in variable rate mode this week.

San Francisco is proposing a $500 million general obligation bond as part of a $1.5 billion transportation package for the November ballot.

A western Oklahoma hospital that has struggled to hire doctors falls another notch below investment grade on the Fitch Ratings scale.

State University of New York broke off talks Monday with Brooklyn Health Partners, the high bidder to buy money-losing Long Island College Hospital.

Sen. Barbara Boxer said the Senate Environment and Public Works Committee will begin work next week on a transportation bill that keeps spending at current levels plus inflation.

Standard & Poor's revised its outlook on Mayo Clinic's AA rating to stable from negative due to its improved operating results.