Economy

New Mexico will price $220 million of highly-rated severance tax bonds for hundreds of local projects in a competitive sale Tuesday.

St. Joseph Health System and Hoag Memorial Hospital Presbyterian, two California hospital systems that formed an affiliation, plan to price $763 million in debt on Wednesday through California Health Facilities Financing Authority.

Arizona Gov. Jan Brewer is expected to sign an $8.8 billion budget that includes expansion of the state Medicaid program for the working poor.

The University of Pittsburgh Medical Center accused Pittsburgh Mayor Luke Ravenstahl of suing it over its nonprofit status to cover a scandal in his administration, according to a court filing.

Suffolk County Executive Steve Bellone has written Governor Andrew Cuomo requesting the re-appointment of Mitchell Pally as the Suffolk County representative to the board of New York's MTA.

The Massachusetts Bay Transportation Authority — the transit system that serves Greater Boston — is staring at a $118 million gap for fiscal 2014, which begins July 1.

Providence, R.I. Mayor Angel Taveras desires $39 million in federal TIGER grant money to help fund a streetcar project he called essential to the city's comeback.

The federal government has formally invited Chicago to apply for a $292 million loan to help finance its new $884 million intermodal facility at O'Hare International Airport.

The Highway Trust Fund will need an additional $85 billion in U.S. general fund transfers over the next six years just to keep the program operating despite recent events that have shown that current spending is not enough, a Department of Transportation official told a Senate Panel Thursday.

Moody's upgraded San Diego, Calif.-based Sharp HealthCare's rating to A1 from A2 affecting approximately $475 million of outstanding debt.

Moody's Investors Service placed Antelope Valley Healthcare District's Baa3-rated bonds on review for downgrade following the unexpected resignations of the chief executive officer and the chief financial officer.

As the state of Florida works on its largest public-private partnership project, local governments hope a bill waiting for the governor's signature can expand the use of P3s.

Dallas' Parkland Hospital Board has approved $42 million of bonds for a new $1.3 billion hospital financed mostly by Build America Bonds issued in 2009.

Moody's Investors Service said it has downgraded the long-term rating assigned to Proctor Hospital, Ill., to B2 from Ba2.

Texas Gov. Rick Perry Perry's proposal to issue 100-year bonds for major infrastructure could get a hearing in a special legislative session now open to transportation issues.

The Senate is expected to vote on whether to confirm Charlotte, N.C. Mayor Anthony Foxx as Secretary of the Transportation Department during the next few weeks, but has not yet scheduled the vote, a congressional aide said Tuesday.

U.S. Transportation Secretary Ray LaHood announced Tuesday that his agency received applications for $9 billion of Transportation Investment Generating Economic Recovery grants, when only $474 million is available.

Moody's Investors Service Monday upgraded to Baa2 from Baa3 its rating on Mercy Memorial Hospital Corp., reflecting three years of improved performance.

A lawsuit filed in Cook County Circuit Court against the Illinois Department of Revenue claims changes made in 2012 to the state's charity care law that governs not-for-profit hospitals violates the state constitution.

Chicago's motor fuel tax credit took its second ratings hit in a week with Moody's Investors Service dropping its rating one level to Baa1 over exposure to Illinois.