Economy

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.

The Puerto Rico Oversight Board says PREPA electric demand will decline 50% by 2051.

The lawsuit comes as higher education energy concessions have become one of the most active spaces in the P3 market.

The MSRB took no concrete actions at its meeting that ended last week, but discussed initiatives important to market participants.

Mergers and acquisition dropped to 55 last year from 73 in 2021, continuing on a downward course since 2017, according to a review published by Ponder & Co.

The three firms were ordered to pay $515,000 in restitution, but were spared any additional financial penalty.

Roger Millar, AASHTO's new president and chief of Washington's Department of Transportation, joins Caitlin Devitt to talk about the rollout of the Bipartisan Infrastructure Law, how a tight labor market and inflation are impacting capital plans, what a divided Congress means for transportation and an update on the Pacific Northwest's high speed rail project. (24 minutes)

The authority's issues hamper the USVI economy, Gov. Bryan says in his state of the territory speech.

The latest definition of federal waters includes roadside ditches, which some industry groups say will make transportation projects more costly and time-consuming.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

High-speed rail connecting Portland, Seattle and Vancouver, B.C. would spark $355 billion in economic development, supporters say.

Moody's lowered Fairview Health Services by one notch to Baa1 and assigned a negative outlook, but a pending merger and expected sale of some facilities could help its bottom line.

"Selling prices increased at a modest or moderate pace in most districts, though many said that the pace of increases had slowed from that of recent reporting periods," the Fed said.

The MSRB's quarterly meeting, set to take place Jan. 25-26, will also include discussion of EMMA modernization efforts and the impacts of the Financial Data Transparency Act.