Economy

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

On the eve of a refunding for the same amount and with former Gov. David Paterson on board, the agency signs off on spending for capital projects

Fitch Ratings has affirmed its D rating on the Santa Rosa Bay Bridge Authority's approximately $116.8 million in outstanding revenue bonds, which are in default.

Jefferson County Commissioner Joe Knight wants to remove disgraced former county commissioner Mary Buckelew's name from a road.

Moody's Investors Service has revised its outlook on Meriter Hospital's A1 rating to negative from stable ahead of a private placement of debt.

Officials from the Chicago Transit Authority Monday said a $20 million federal TIGER grant would allow the agency to move forward with upgrades to a busy transit terminal.

Several municipal bond provisions that have gotten strong support from muni lobbyists, market participants, and state governments and which were included in the Senate-passed highway bill may not survive eleventh-hour House-Senate committee negotiations, stakeholders say.

Both Moody's Investors Service and Standard & Poor's have revised their outlooks on New Jersey's junk-rated Palisades Medical Center to positive from stable.

Ohio State University approved a final $483 million concession agreement to lease its parking system for 50 years to QIC Global Infrastructure and LAZ Parking.

Boston has the nation's oldest public transportation system, and the most leveraged. So far, one-shot measures have filled shortfall's but critics complain.

The latest round of TIGER grant funding will disburse nearly $500 million to 47 projects in 34 states and the District of Columbia, U.S. Transportation Secretary Ray LaHood announced Friday. The Department of Transportation received 703 applications from all 50 states, U.S. territories, and D.C. The awards ranged from $1 million to $21.6 million.