Economy

Virginia Gov. Bob McDonnell announced on Tuesday that he will recommend over $2 billion of funding for hundreds of transportation projects statewide, new money projected to come from his controversial overhaul of the commonwealth's gas and sales taxes.

The Alameda Corridor Transportation Authority on Jan. 24 plans to price a $265 million refunding that is part of a debt restructuring plan.

Little Rock will save $2 million a year in debt service with a refunding of $24.7 million of airport revenue bonds from 1999 that financed projects at Bill and Hillary Clinton National Airport.

The FAA has cleared the path for Chicago to consider privatizing Midway International Airport, allowing for its release of a request for qualifications from potential bidders.

U.S. Transportation Secretary Ray LaHood told municipal leaders meeting in Washington Friday that he would help protect the tax-exempt status of municipal bonds.

SUNY Downstate Medical Center in Brooklyn faces insolvency as soon as May, said New York Comptroller Thomas DiNapoli.

Rep. Frank Wolf, R-Va., has reintroduced two bills aimed at giving Virginia control of the Metropolitan Washington Airports Authority and strengthening government oversight of the scandal-wracked issuer.

Moody's says the West Penn Allegheny debt restructuring features "close parallels" to the bankruptcy of the teetering health system's predecessor 15 years ago.

New York public health system Nassau Health Care Corp. captured an interest rate of 0.4% and saw broad investor interest Tuesday when it sold $40 million of insured revenue anticipation notes backed by future Medicaid payments.

Following a contentious battle, the Orange County Transportation Authority appointed Darrell Johnson as successor chief executive officer to the billion-dollar public agency.

Michigan Gov. Rick Snyder urged lawmakers to pass legislation to boost gas taxes and vehicle fees to raise at least $1.2 billion of new annual revenue for transportation infrastructure.

The executive director of AASHTO, John Horsley, is going out with a bang, spending the final weeks before his planned retirement pushing Congress to make authorize $50 billion of tax-credit bonds and to change fuel tax policy.

Officials from Highmark and West Penn Allegheny Health System announced an agreement with West Penn bondholders to accept a haircut on their holdings, avoiding a potential bankruptcy and allowing an affiliation agreement to proceed.

The Austin City Council is expected to approve up to $150 million of taxable revenue bonds Thursday to build a new consolidated car rental facility and parking garage at Austin Bergstrom International Airport.

The Regional Transportation Authority of Illinois board approved its $3.7 billion 2013 budget on Wednesday after resolving a standoff with one of its service boards over its plans to borrow $1 billion over the next five years.

Bond-related bills pending in the Virginia House of Delegates would limit toll increases on the Dulles Toll Road and authorize the commonwealth, through authorities, to purchase and control the privately-owned Dulles Greenway.

Louisiana will upgrade more than 1,000 miles of state rural roads in 63 parishes with next week’s sale of $249.2 million of highway improvement bonds.

The Kentucky Transportation Cabinet is seeking public input on 20-year plan that will create a strategy for improving the state’s transportation systems.

A long-awaited review of the state of Chicago's retiree healthcare system concludes that the cash-strapped city can't afford to keep subsidizing its other post-employment benefits at existing levels.

Standard & Poor's has upgraded Meridian Health System debt issued by New Jersey Health Care Facilities Financing Authority to A from A-minus.