Economy

Lawmakers next Tuesday will begin considering reauthorizing the federal surface transportation funding program at a hearing held by the House Transportation and Infrastructure Committee.

Texas Department of Transportation chief financial officer James Bass will become interim executive director with the departure of Phil Wilson.

Catholic Health Initiatives' plan to invest $1 billion in Texas healthcare includes a new hospital.

The University of Chicago was among six institutions to which the not-for-profit Ludwig Cancer Research organization awarded $540 million grants to fund cancer research.

Moody's Investors Service revised the outlook on Illinois-based Memorial Health System's A1 rating to negative from stable ahead of its sale of $60 million of revenue bonds.

The University of Texas System will open the new year with $240 million of top-rated Permanent University Fund bonds to refund commercial paper.

Grand Junction Regional Airport Authority chairman Denny Granum resigned from the board amid an FBI investigation of fraud.

U.S. port infrastructure projects may get some breathing room as another delay looms for Panama Canal expansion.

Louisville, Ky., holds public workshops Jan. 13-17 for its strategic multi-model transportation planning effort known as "Move Louisville."

More public transit options do not reduce highway congestion and fewer options do not make it worse, according to an analysis by Reason Foundation.

Reduced federal funding prompts Kentucky and Ohio to consider using a P3 to build the $3.57 billion Brent Spence Bridge Project between Kentucky and Cincinnati.

Fitch Ratings has assigned an AAApre rating with a negative watch to $2.3 billion Foothill/Eastern Transportation Corridor 1999 revenue series bonds that are being pre-refunded using the proceeds of a refinancing of the bonds conducted earlier this month.

Standard & Poor's placed nearly $1 billion of certificates of participation for four transit systems on its watch list Monday based on its new ratings criteria.

Important decisions lie ahead in the New Year for the Orlando-Orange County Expressway Authority in central Florida, including hiring a new director.

Heavily used roads in Texas' energy-producing regions will get $150 million for repairs and improvements.

The Federal Transit Authority has made available $3 billion of competitive grants aimed at upgrading the storm resilience of public transit infrastructure.

The Idaho Housing and Finance Association plans to price the final $82 million of a multi-year series totaling $857 million in grant anticipation revenue vehicle bonds on Jan. 14, amid concern that the Highway Trust Fund that provides subsidies might be unsustainable.

Cincinnati re-launched construction Thursday on a $133 million, partly bond-funded streetcar line a week after the city council unexpectedly voted to revive the controversial project after a pledge of private support.

Community Medical Center in Missoula, Mont., maintained its Baa2 rating, but received a negative outlook from Moody's.

Transportation infrastructure funding is at a crossroad in 2014, as lawmakers confront the necessity of finding ways to bolster the rapidly depleting Highway Trust Fund while supporting efforts to ensure the nation's airports and ports maintain a global economic edge.