Economy

The MTA, whose sheer enormity makes it an easy target for critics, was in feel-good mode even while acknowledging it many financial challenges.

Moody's Investors Service raised its rating one notch to A2 on $160 million of Alexian Brothers Health System's still outstanding after its acquisition by Ascension Health Alliance.

Voters across Georgia head to the polls Tuesday to decide whether to raise the sales tax by 1% over the next decade to pay for transportation projects. The tax will raise more than $18 billion over 10 years.

The Providence, R.I., City Council on Thursday backed Mayor Angel Taveras' proposed bond referendum on $40 million worth of citywide street and sidewalk paving.

Vermont plans to sell $10 million of special obligation transportation infrastructure bonds to fund bridge reconstruction and roadway reconfiguration projects.

New York's State Department of Health made $32.9 million in Medicaid overpayments during a five-year period, according to audits released by Comptroller Thomas DiNapoli.

Jay Walder, the chief executive of Kong Kong's MTR Corp. and former chairman of New York's Metropolitan Transportation Authority, signed a 25-year public-private partnership with Hangzhou, China, to build a subway line.

Ridership on Port Authority Trans-Hudson, or PATH trains, is on pace to set a record for the second consecutive year.

U.S. Transportation Secretary Ray LaHood is encouraging states and cities to submit letters of interest for an available $1.7 billion under the Transportation Infrastructure Finance and Innovation Act loan program, which LaHood said could ultimately help leverage $50 billion in transportation investment.

A new Government Accountability Office study examining bus rapid transit concludes that cities with limited funding sources and no major congestion issues may find high-cost features worthwhile only if economic development is a major goal of the bus line.

Amtrak's roughly $7 billion master plan for a complete overhaul of Washington D.C.'s Union Station will likely involve a large collaborative effort mixing public and private funding sources, according to a company spokesman and industry experts.

Atlanta area political and business leaders have a solution to traffic that's ranked among the worst in the U.S.: Ask voters to approve a sales tax increase to raise $8.5 billion over a decade for roads and public transportation.

The Dormitory Authority of the State of New York board approved $1.1 billion of financings for higher education and health care institutions, including a $940 million personal income tax revenue bond program.

New York's Metropolitan Transportation Authority introduced a financial plan on Wednesday that projected a $46 million cash surplus rolled into each of the next two years, but also deficits from 2014 to 2016 that range from $14 million to $231 million.

Inova Health System hopes to play on its strength as the largest nonprofit heath-care provider in northern Virginia next week when it sells $500 million of double-A rated bonds.

Officials involved with the new Tappan Zee Bridge project promised openness and transparency but still did not have a plan of financing for project costs.

The Corpus Christi City Council is considering a recommendation for a $55 million general obligation bond referendum in November that would focus on upgrades and maintenance of city streets.

Conduit bond issuer Build NYC Resource Corp. has approved $75.6 million of tax-exempt financing to assist four New York City nonprofits.

Moody's Investors Service downgraded the bond rating on Davis Health System, W.Va., to Ba2 from Ba1.

Two ports in Florida and one each in Georgia and South Carolina will see expansion projects expedited thanks to the Obama administration's "We Can't Wait Initiative."