Politics

Norfolk Southern would buy a 338-mile city-owned railway for $1.6 billion, which Cincinnati would use to create a permanent infrastructure fund.

The New Jersey Board of Public Utilities will begin to mull new projects submitted during a third round of proposals for offshore energy development.

Wells Fargo is the latest investment bank to undergo a Texas Attorney General review of its compliance with a 2021 law.

The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.

The 50-year concession will rebuild the aging Calcasieu Bridge, and impose the first tolls on Interstate 10.

The revenue bonds were issued through the California Municipal Finance Authority on behalf of LAX Integrated Express Solutions, the P3 project developer.

Most states continue to fare well, despite economic shocks and weakening revenue growth.

"We believe that the most effective project delivery happens before your project even begins," said DOT Volpe Center Director Anne Aylward.

Sponsors say bill is a chance to have territories' needs addressed.

After July's hike, analysts are mixed on whether the Federal Open Market Committee is done raising rates.

The House and Senate remain at least $120 billion apart on fiscal 2024 spending levels.

"During this critical period for our state's future, I'm looking forward to having Blake Washington on my team," Gov. Hochul said.

The Senate proclamation says Shields left behind "an indelible mark on the public finance industry."

Almost all of the $1.55 billion surplus will go into the state's rainy-day fund, raising its balance to a record $3.7 billion, a 2,700% jump since 2019.

The plan dedicates most of the funds to repairing and modernization existing infrastructure.

Energy-producing states are riding out oil and natural gas price swings that affect severance tax collections.

Analysts look at whether the FOMC will bring the last rate hike in the cycle, whether recession is coming, and whether the Fed is making a policy mistake.

The puzzling accounting discrepancy, which dates to 2005, threatened to lead to the rescission of $3.5 billion of contract authority for state departments of transportation.

New Jersey sued the federal government to block a plan to charge drivers entering midtown Manhattan, claiming federal regulatory approval was ill-considered.

The bill will move onto the Senate in hopes of reaching President Biden's desk before the current Federal Aviation Administration authorization expires on Sept. 30.