Economy

Rep. Bill Shuster, R- Pa., announced on Thursday his candidacy to serve as chairman of the House Committee on Transportation and Infrastructure.

The re-election of President Obama is a credit neutral event for non-profit hospitals, but looming changes in the federal landscape tied to the new health care law and budget deficit, present challenges, Moody's Investors Service said in a report Wednesday.

Seattle voters overwhelmingly authorized $290 million of 30-year bonds to help rebuild part of the city’s seawall and downtown piers.

Kirk Caldwell, a supporter of Honolulu’s planned rail transit system, beat rail opponent Ben Cayetano to win the mayor’s office in a race that was effectively a referendum on the rapid transit line.

Los Angeles County voters narrowly defeated Measure J, the proposed 30-year extension of a half-cent transportation sales tax.

A non-profit alliance of businesses has formed to help Ontario, Calif. officials in their efforts to wrest control of LA/Ontario International Airport from Los Angeles.

Alaska voters appeared likely to approve a $453 million transportation bond, based on early returns.

John Horsley and Jack Basso will take about 90 years of experience with them when they retire from the American Association of State Highway and Transportation Officials in February, and the two are disappointed to be stepping away from a very uncertain future.

The MTA's Triborough Bridge and Tunnel Authority should be able to absorb revenue losses from Hurricane Sandy closures, said Moody's, though liquidity could be further squeezed.

The Orlando-Orange County Expressway Authority in central Florida hopes to take advantage of low market rates for savings and reduce its variable-rate exposure in a $463 million refunding Nov. 15.

New York's MTA, restoring its subway and commuter rail systems after Hurricane Sandy's damage, will continue its flurry of bond activity this week.

Illinois-based Centegra Health System will offer up $200 million of mostly refunding bonds Thursday as it seeks to lay the groundwork for future issuance to finance a new hospital.

Cook County announced it received a long-awaited federal approval for a so-called 1115 Medicaid waiver, allowing the county to expand its Medicaid program.

The nearly $30 billion in economic damages caused by Hurricane Sandy will not have a detrimental effect on the creditworthiness of U.S. debt, but it is likely to have negative consequences for mid-Atlantic electric utility companies.

State transportation agencies are working together to develop strategies aimed at making investment in infrastructure more palatable to the public, as official fears of a rising investment gap meet public concerns about long-term debt.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

A federal judge rendered a split decision in an environmental lawsuit brought against Honolulu's $5.2 billion elevated rail project, but did not order a halt to construction.

Harrisburg's state-appointed receiver insists that selling the parking garages in Pennsylvania's capital city is still a better option than keeping them and using their revenue to pay down incinerator-related debt.

Regular weekday commuter rail service has returned to the Metro-North Railroad's New Haven line.

The medical community in Austin, Tex., is divided over a ballot proposition that would support a University of Texas medical school in the state capital.