Economy

Congress must show political courage in expanding federal transportation funding as the Highway Trust Fund dwindles, DOT Secretary Foxx said Thursday.

Standard & Poor's has downgraded the ratings on Northern Inyo Local County Hospital District's revenue bonds to junk.

The Port Authority of New York and New Jersey adopted a $27.6 billion capital plan focused on transportation projects.

Regional Transportation Authority of Illinois board chairman John Gates announced Wednesday he would step down from the post at the end of his term in June.

The rise in high-deductible health plans could bring more pressure to bear on an already pressured non-profit health care sector, Fitch Ratings said.

A California appeals court has agreed to fast track review of a lower court's decision that prevents the state from issuing $8.6 billion in bonds for its high-speed rail project.

The benefits of stimulus spending on transportation infrastructure during economic downturns outweigh the initial cost, the Transportation Research Board says.

The Missouri Highways and Transportation Commission has adopted a 20-year construction program to meet a federal planning mandate but warned it can't really afford the plan amid dwindling funding.

Five consortiums have submitted statements of qualification for the Pennsylvania Department of Transportation's rapid bridge replacement P3 project.

Miami-Dade County's repeal of employee healthcare contributions is a credit negative for Florida's largest county, Moody's Investors Service said Feb. 13.

Voters in Arizona's Maricopa County may be asked in November to approve a $935 million bond proposal to revamp the county's public hospital system.

Conservative financial structure of grant anticipation revenue bonds will buffer their credit ratings if federal highway funds drop in fiscal 2015, Standard & Poor's predicts.

Cincinnati Mayor John Cranley unveiled a plan for the municipal parking system that would keep the asset under city control as an alternative to a controversial proposal to lease it to the local port authority for an upfront cash payment.

Four consortiums whose members include top firms in the public-private partnership industry compete for Florida’s $2.4 billion “I-4 Ultimate Project.”

Illinois Gov. Pat Quinn unveiled the draft of a five-year plan to overhaul its Medicaid program in hopes of snaring $5.2 billion in additional federal funding.

A Senate committee was warned Wednesday that the looming insolvency of the federal Highway Trust Fund could shut down transportation projects across the county.

Dallas-Fort Worth International Airport plans to refund $200 million of revenue bonds as it continues its $2.3 billion terminal remodeling project.

An applicant who once wanted to be the Orlando-Orange County Expressway Authority's new director alleges the agency committed to projects that will cause a deficit.

The Illinois Finance Authority board gave preliminary approval to a nearly $200 million financing planned by Centegra Health System to build a new hospital far northwest of Chicago.

New Mexico plans to offer $75 million of transportation revenue bonds for projects around the state.