Economy

Proposed federal legislation would revive state infrastructure banks as a funding option for local transportation projects.

New York's Metropolitan Transportation Authority will receive $886 million from the U.S. Department of Transportation to further its post-Hurricane Sandy Repairs.

The Illinois State Toll Highway Authority kicks off its New Year with a long planned $400 million refunding that will be followed in late winter with new-money borrowing to support an ongoing $12 billion program.

The current U.S. transportation secretary and his predecessor on Thursday each separately warned about the dangers of letting the Highway Trust Fund become insolvent on or before the end of fiscal 2014.

Jameson Doig, author of a book about the history of the Port Authority of New York and New Jersey, said the agency has never experienced a controversy as huge as the Bridgegate scandal.

An investigation of Florida's Orlando Orange County Expressway Authority prompted the board Wednesday to reduce the terms of a contract offer to the new executive director.

Missouri Gov. Jay Nixon proposed a fiscal 2015 budget that would increase education spending $500 million and authorize $200 million in appropriation supported bond borrowing for a mental health facility.

With a better Fitch outlook, Regional Transportation Authority of Illinois will take bids on $106 million of general obligation bonds with officials hoping to benefit from an improving market for Illinois paper.

Bipartisan group of eight U.S. senators have joined 50 House members to support a proposed national infrastructure bank funded with $50 billion of 1% bonds.

Standard & Poor's signaled that Fairview Health Services in Minnesota could win an upgrade over the next two years due to its strong business position and improved governance and management.

ABAG Finance Authority is selling $168 million of recently upgraded revenue bonds next week for a healthcare system in San Diego County.

The finance team for Dallas-Fort Worth International Airport had to outwit the airlines and bypass the public to get the project, now celebrating its 40th anniversary, off the ground.

DOT expects the main federal highway infrastructure fund to run dry in August and post a $100 million deficit before the end of the fiscal year.

Leaders of the House Transportation and Infrastructure Committee have established a special bipartisan panel to promote the use of public-private partnerships across all modes of transportation, economic development, public buildings and water infrastructure

Senate Banking Committee chairman warns that Congress must act to protect the main source of federal transportation funding before it dries up.

A state court ruling stopping California from selling $8 billion of bonds for high-speed rail could result in a cutoff of billion in federal matching funds as well.

Metro-North estimated damage from the deadly commuter train derailment in the Bronx at more than $9 million, said a preliminary report from a federal agency.

Six firms have responded to Indiana's request for qualifications to partner with the state for the $1.3 billion Illiana Corridor toll road connecting Indiana and Illinois, officials said Tuesday.

The Nevada Board of Finance on Tuesday approved a $100 million bond to help fund a $1 billion highway widening project on a nearly two-mile stretch of Interstate-15 that provides access to major Las Vegas resorts.