Economy

The New York State Senate confirmed Gov. Andrew Cuomo's appointment of Thomas Prendergast to serve as chairman and chief executive of the Metropolitan Transportation Authority

Moody's Investors Service has downgraded to A1 from Aa3 the Metropolitan Washington Airports Authority's $5 billion of airport revenue bonds.

Foothill/Eastern Transportation Corridor Agency's plan to refund $2.5 billion may be delayed as it waits for approval from the California transportation department.

The State Budget and Control Board approved $120 million in general obligation bonds June 18 to help with the expansion of Boeing's 787 Dreamliner plant.

A U.S. House panel has given initial approval to an appropriations bill that would slash funding from programs that support public infrastructure projects as part of an effort to cut federal transportation and housing spending by $7.7 billion.

Moody's Investors Service said it has revised the outlook on the Port of Seattle's outstanding revenue bonds to negative from stable.

Two state lawmakers from Staten Island want the Metropolitan Transportation Authority to reconsider its decision to use 15,000 tons of steel fabricated in China for repairs to the Verrazano-Narrows Bridge.

Continuing financial obligations will make Pennsylvania Turnpike debt unsustainable and tolls crushing for motorists and businesses, according to the state's auditor general.

The Texas Department of Transportation would get an additional $900 million per year in bonding authority under a constitutional amendment unanimously approved by the Texas Senate in a special session.

Dallas-Fort Worth International Airport, the top issuer in the Southwest, is pricing $367 million of revenue bonds Thursday for its $2 billion terminal remodeling program.

St. Louis Metro transit enters the market next week with a $375 million issue under a long-planned restructuring and refunding that will introduce a new debt lien supported by revenues from a 2010 voter-approved sales tax.

Moody's Investors Service has placed Meriter Hospital's A1 rating under review for downgrade as the system struggles with 2012 operating losses due to the Meriter Health Services' health insurance plan.

The Court of Appeals in Kansas City will hear oral arguments next month as several Kansas City, Mo., business owners try to keep alive their lawsuit challenging the legality of the funding mechanism for the city's downtown streetcar line.

Moody's Investors Service pushed the struggling Proctor Hospital's rating further down into junk bond territory, lowering the Illinois hospital three levels and warning of further deterioration.

Federal Highway Administrator Victor Mendez is expected to join Kentucky officials Tuesday for groundbreaking of the 'downtown' Ohio River Bridges Project.

Maine's governor signed a bill that will trigger the sale of at least $290 million in bonds and provide the state's hospitals with $484 million that they are owed.

The Atlanta BeltLine Inc. has selected Paul Morris as its president and chief executive officer.

Seven-mayor panel in Arkansas awards $13.1 million in state street funds from $28 million requested.

The South Carolina Supreme Court has upheld the governance of the state's Transportation Infrastructure Bank.

Central Florida's Orlando-Orange County Expressway Authority soon will search for a new chief financial officer following the resignation of Nita Crowder.