Economy

Puerto Rico's employment trends are better than its fellow territory's since the onset of the COVID-19 pandemic, say Federal Reserve Bank of New York analysts.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

Fitch also affirmed the A rating on $800.3 million of senior lien seaport revenue bonds Miami-Dade County issued on behalf of its seaport department.

The suit, filed on behalf of community groups and area residents, alleges New York state officials skirted the law when negotiating a deal with developer Vornado Realty Trust in 2018.

S&P said the ProMedica's divestiture helps address operating losses but it's a longer road ahead to return to investment grade.

The San Benito Health Care District board declared a fiscal emergency, a first step to declaring Chapter 9 municipal bankruptcy under California law.

The county plans to expand the existing Metromover to create a transit corridor that will connect the cities of Miami and Miami Beach without riders having to transfer.

Federal infrastructure dollars continue to support driver-related programs, now with an emphasis on reducing tailpipe emissions.

Massachusetts looks to a millionaire's tax for transportation and a measure in tourist-heavy Orange County, Florida would double local transit funding.

Decisions by three organizations to drop Moody's ratings underscore an industry-wide trend as the sector struggles with rising costs and narrowing margins.

CommonSpirit Health priced more than $1 billion of debt on schedule Tuesday after disclosing a ransomware attack that has impacted some IT operations.

The Federal Highway Administration mandates would "commandeer" state department of transportation authority, opponents say.

The nation's largest not-for-profit health system returns to the market with a mix of new money and refunding debt offering tax-exempts and taxables.

The Kansas Corporation Commission approved a $92.7 million securitization for Atmos Energy. It had already approved $328 million for Kansas Gas Service.

California is looking to pioneer the floating wind technology that's required in the deep waters where roughly two-thirds of the country's offshore wind potential exists.

The dollars mark the second of five years of increased state highway funding promised under the Infrastructure Investment and Jobs Act.

Jeff Davis, senior fellow at the Eno Center for Transportation, talks with Caitlin Devitt about how the midterm elections may affect transportation funding and policy. He discusses likely new chairs on key Congressional committees, legislation to look for next year and the potential spending gridlock if Republicans gain control. (27 minutes)

If Republicans gain control of the influential House T&I committee, expect investigations into the rollout and spending of infrastructure dollars.

The Department of Transportation's initiative will allow transit and transit-oriented development to cover 49% of project costs with a TIFIA loan.

Should the proposal go forward, the board should provide analysis and evidence as to how such a requirement would benefit the market, dealers said.