Economy

California's general obligation bond sales are set to swell to $6 billion this fiscal year due in part to the sale of high-speed rail bonds.

Texas Gov. Rick Perry on Monday said he would reject an estimated $62 billion in federal funding to expand Medicaid in the state, citing states' rights.

The wave of mergers sweeping across the non profit health care sector the past two years is a positive trend for hospitals as well as for investors who like to buy hospital bonds, Fitch Ratings said in a new comment.

In a vote California officials said was key to the future of its ambitious high-speed passenger train project, the state Senate voted Friday to move forward with the line.

A U.S. appeals court will take up a lawsuit as early as October that attacks the financial backing of billions of bonds paying for the Washington Metrorail's Silver Line Extension to Dulles Airport.

Moody's Investors Service has revised the outlook to negative from stable on Deborah Heart and Lung Center's outstanding bonds, issued by New Jersey Health Care Facilities Financing Authority.

For states planning cash flows over the next two years, passage of the federal Highway Bill creates a positive scenario for grant anticipation revenue vehicles known as Garvees, according to ratings analysts.

President Obama will sign the compromise two-year, $105 billion highway bill at a White House ceremony on July 6.

The Loudoun County Board of Supervisors voted 5-4 to go ahead with the county's participation in the second phase of the Washington Metrorail's Silver Line extension, committing the county to an approximately $270 million share of the construction costs of the controversial and largely bond-financed project.

Gov. Andrew Cuomo said the recent passage of the $105 billion highway bill is a boost for the Tappan Zee Bridge replacement project because it includes an increase in funding for the TIFIA program.

Illinois Gov. Pat Quinn signs a $33.7 billion general fund budget for new fiscal year that includes $2.7 billion Medicaid restructuring, makes $1.3 billion dent in overdue bills, and cuts discretionary spending. Quinn is pushing lawmakers to act on pension reforms to stabilize state fiscal house.

Congress' $101.3 billion highway bill will advance the development of Interstate 69 between the border with Mexico and Texas seaports, state officials said.

Federal lawmakers approved a 27-month, $105 billion surface transportation bill Friday, protecting revenue streams crucial for state and local infrastructure financing despite the absence of municipal bond measures that had been sought by market advocates

Abington Health and Holy Redeemer Health System have announced their intent to merge into a new regional Pennsylvania health system.

The New York State Thruway Authority's $1.1 billion sale of general revenue bonds met high demand last week, despite being placed on negative outlook by credit rating agencies.

The Port Authority of New York and New Jersey has selected four firms to provide underwriting services for the World Trade Center redevelopment.

Thursday's historic Supreme Court ruling was the best of the likely rulings for the non profit health care sector. But the decision upholds a law that features a host of challenges for the already-challenged sector.

Illinois State Toll Highway Authority board approved a pool of four financial advisory firms as it gears up to begin borrowing for a $12 billion capital program.

A long-awaited federal highway bill does not include the bond-friendly provisions championed by muni market groups and public finance advocates.

Moody's calls Illinois legislation setting charity care guidelines for not-for-profit hospitals positive for the sector's credit health