Economy

One public hospital district violated a debt service covenant and was downgraded to junk; the other declared a fiscal emergency and seeks an outside partner.

A majority of state DOTs have now adopted a commitment to equity in infrastructure contracting.

The fresh guidance seeks to end a debate over how to prioritize federal transportation funds that's dogged Biden administration officials for more than a year.

The state's flagship university said its proposal to acquire its healthcare facilities from Fairview, which is preparing to merge with an out-of-state healthcare system, requires state help.

Moody's and S&P also warn of the potential for further downgrades; UC Health has begun to implement financial turnaround strategies amid operating losses.

A spate of derailments is a unique issue for the Washington Metropolitan Area Transit Authority amid the challenges all transit agencies face post-COVID.

The federal government has set aside $12 billion to help rebuild Puerto Rico's grid. If used effectively to rebuild a greener and more resilient grid, this federal lifeline can be a substantial downpayment toward affordable, reliable, cleaner energy for Puerto Ricans.

The San Francisco Bay Area Rapid Transit District relied on fare revenue before the pandemic. Ridership has lagged since COVID, and so have revenues.

The ruling striking down Rhode Island's tolling program constrains states' efforts to solve complex infrastructure problems, the state says.

A panel that includes public finance professionals is tasked with finding fiscal and operational solutions for the transit systems, which face a fiscal cliff.

Fiscal stability rests on a solution to the debt ceiling debate.

The Chamber of Commerce added Sen. Nancy Skinner's bill codifying the governor's proposal on oil companies to its 2023 job killer list.

O'Connor was nominated by Treasurer Fiona Ma for her work on a trust fund program for foster kids and another that finances green P3s.

The transportation bond sector may see the greatest growth in 2023 as a result of the infrastructure act, one analyst said.

An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

The Financial Industry Regulatory Authority found that BNA Wealth didn't meet the regulatory requirements when it sold shares in 529 plans.

Recent federal legislation marks the largest investment in carbon management in the history of the U.S., which is already a global leader in the space.

Keeley Webster, a Bond Buyer senior reporter, discusses with Rudy Salo, a Nixon Peabody partner, funding and logistical challenges California, and the country, face as they stretch toward the future with plans for high speed rail, electric vehicle charging networks while incorporating more traditional mass transit. (29 minutes)

"As we continue to strengthen our national platform, I am delighted to have Gary serving as president of the infrastructure and public finance department," Suzanne Shank said.