Economy

New York's MTA intends to cut nearly in half the size of its planned fare and toll increases for 2015 and 2017, chief financial officer Robert Foran said.

A lawsuit has halted delivery of $33 million of bonds for San Antonio's VIA Advanced Transportation District that priced Oct. 17.

Moody's Investors Service has upgraded the rating on Portland, Ore.-based Legacy Health System's revenue bonds based on improved finances.

The Harrisburg City Council OK'd a $270 million parking-asset lease that is one of two lynchpins to the financial recovery plan in Pennsylvania's capital city.

The new mayor of Cincinnati, bond attorney John Cranley, is halting two controversial bond-funded projects, including one for which the city has already sold general obligation bonds.

American Airlines and US Airways Group Inc. settled an antitrust lawsuit with the U.S. Department of Justice, clearing American's path to exit bankruptcy and repay its municipal bondholders.

The group of motorists who lost their challenge to the Elizabeth River Tunnels public-private partnership in the Virginia Supreme Court are asking the court to rehear the case, as the commonwealth's governor-elect suggests he is interested in working to lower the planned toll rates for the tunnels.

An FBI fraud investigation of the Grand Junction Regional Airport Authority in western Colorado could have a long-term impact on the airport’s credit, according to Moody's Investors Service.

Moody's Investors Service has revised its outlook on the University of Chicago Medical Center's Aa3 rating to negative over declines in is operating margins over the last two fiscal years.

Standard & Poor's has revised its outlook on Chicago-based Presence Health Network's BBB-plus rating to negative from stable over its operating losses.

Moody's Investors Service has downgraded the New York Thruway Authority's senior lien bonds to A2 from A1.

The Port Authority of New York and New Jersey reached a financial closing on a $1.5 billion P3 to replace the Goethals Bridge with a cable stayed design bridge.

The Texas Department of Transportation is again considering tolling the Interstate 35 freeway in Austin and lifting tolls on a troubled tollway skirting the city's eastern edge.

The State University of New York promised to restore ambulance service to Brooklyn's Long Island College Hospital on Friday after opponents of the facility's closure threatened legal action, arguing the cancellation violated a Sept. 4 court order.

An agreement on funding new and renewed transportation infrastructure could be the basis of a bipartisan budget deal, President Barack Obama said Friday at the Port of New Orleans in south Louisiana.

The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.

Moody's Investors Service downgraded the issuer rating for Torrance Memorial Medical Center to A3 even as the Southern California hospital looked to complete construction on its new patient tower six months early.

Recent Bay Area Rapid Transit strikes highlighted credit risks for local governments in that region, according to Fitch Ratings.

The Internal Revenue Service has closed an audit of series 2005E and series 2007B hospital revenue bonds issued by the Highlands County, Fla. Health Facilities Authority with no change to the bonds’ tax-exempt status.

The Illinois State Toll Highway Authority plans to borrow $900 million of new money next year to help support its 15-year, $12 billion capital program.