Economy

The Federal Transit Administration said it would give Cincinnati until Dec. 19 to reverse a recent decision to halt a controversial streetcar project or it would pull federal funding.

The 20 states that have rejected Medicaid expansion will cost their taxpayers billions of dollars, according to a study by the Commonwealth Fund.

Foothill/Eastern Transportation Corridor Agency, Calif. is drawing a lot of interest from investors on $2.2 billion in toll revenue bonds it plans to price Dec. 12 to restructure its outstanding debt.

A former top official for the $3 billion bond-funded Cancer Prevention and Research Institute of Texas has been indicted on felony charges.

Virginia Gov.-elect Terry McAuliffe is reluctant to go ahead with a $1.4 billion toll road until the project receives final environmental approval from the Corps of Engineers.

The Internal Revenue Service is auditing $23.83 million of Series 2007 variable rate demand bonds issued by the Colorado Health Facilities Authority.

The Hawaii Department of Transportation Airports Division will use a financing structure uncommon for airports to pay for $150 million in energy conservation projects.

Moody's Investors Service raised its outlook on the toll road industry to stable from negative as toll revenues continue a slow but steady recovery.

A state agency has cleared a 40-year parking lease deal that is one of two centerpiece transactions to the Harrisburg, Pa., financial recovery plan.

Coalition of labor and business executives support legislation to raise the federal gasoline tax by 15 cents per gallon to fund transportation infrastructure.

Kentucky plans to price $747 million on Dec. 10-11 to finance the major portion of the "Downtown Crossing" of the Ohio River Bridges Project.

The MTA, after the deadly Metro-North Railroad derailment, said it intends to fully fund and implement train-control technology, but doing so by 2015 would be hard.

New safety concerns led the North Carolina Department of Transportation to close the Herbert C. Bonner Bridge over the Oregon Inlet on Dec. 3.

The Southern California Logistics Airport Authority of Victorville, Calif. defaulted for the fifth time on bonds issued to redevelop the airport from military to civilian use.

Rep. Earl Blumenauer, D-Ore., will introduce a bill phasing in a 15 cent increase in the federal gasoline tax, currently at 18.4 cents per gallon.

Boston's MBTA will launch late-night service in the spring, said Massachusetts Gov. Deval Patrick, who found $20 million from state funding and corporate pledges.

Friendship Village of Sunset Hills, Missouri will sell $58 million of bonds this week to fund a major expansion of its retirement village outside of St. Louis.

Moody's Investors Service revised its outlook on St. Joseph's Healthcare System's Ba1 rating to positive from stable on Monday.

The Missouri Association for Social Welfare last week filed a lawsuit contesting the summary language of a proposed ballot measure seeking approval for a one cent sale tax increase to fund transportation-related projects.

Georgia made the final bond payment of $25.6 million to Wells Fargo on Dec. 1 ending the tolls on the Georgia 400.