Economy

The chairman of New York's Metropolitan Transportation Authority warned about reducing or even eliminating unlimited fare and other MetroCard discounts.

Standard & Poor's affirmed Connecticut general airport revenue bonds for Bradley International Airport at A-minus, and assigned that rating to a new deal.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

An adverse ruling from the Hawaii Supreme Court regarding archaeological surveys for native Hawaiian burial sites has halted construction on Honolulu's $5.16 billion elevated rail project.

Chicago's proposed new use agreement with Midway International Airport's airlines calls for more than $1 billion in capital and maintenance spending over its 15-year term as the city continues to weigh whether to privatize operations.

The Illinois Finance Authority advanced more than $345 million in new-money and refunding issues for healthcare, higher education, and cultural institutions.

More than a third of Massachusetts hospitals lost money in fiscal 2011, according to a state report that comes as providers brace for a cost-containment law.

Broward County, Fla., launches a $2 billion capital improvement program for Fort Lauderdale-Hollywood International Airport Wednesday with the sale of $636 million of bonds.

Fitch Ratings announced Wednesday that uncertainties in federal transportation funding led to downgrades of GARVEES. The agency also warned against further weakening possible along the current trajectory.

The State Iowa Board of Regents will take competitive bids Wednesday on $190 million of bonds that will more than double its healthcare system's debt load as it raises financing for a new children's hospital.

Dallas-Fort Worth International Airport continues its record refunding year next week with a $269 million issue that coincides with a terminal remodeling program and the bankruptcy of its major tenant.

A new report from Loop Capital Markets concludes that airports that rely heavily on cargo shipping have been less resilient during the recession and subsequent recovery than more passenger-oriented facilities.

Moody's Investors Service has upgraded Allina Health System's rating by one notch to Aa3 in recognition of its favorable fiscal performance.

Moody's Investors Service raised its rating by one notch to A1 on CentraCare Health System's debt due to the Minnesota-based system's strong financial performance.

Dallas/Fort Worth International Airport's board of directors approved a settlement ending its four-year royalty dispute with Chesapeake Energy Corp. over the price paid on natural gas extracted from airport property.

Airports Council International-North America released a manifesto Monday, calling for the U.S. government to eliminate the alternative minimum tax on private activity bonds and provide airports with reliable funding mechanisms.

Standard & Poor's dropped its rating two notches to B-plus from BB on revenue bonds issued for the Oconee Regional Medical Center in Georgia.

Arkansas will begin work soon on highway projects financed with proceeds from Tuesday's competitive sale of $225 million of Garvee bonds. It is the first tranche from a $575 million Garvee program authorized by voters in 2011.

Rep. Bill Shuster looks like the most likely candidate to follow in his father's footsteps as the next Chair of the House Committee on Transportation and Infrastructure, but several dark horse candidates are also in the mix, transportation lobbyists say.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.