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DALLAS -- Opponents of a privately financed, $10 billion high-speed rail system in Texas scored a victory when the federal Surface Transportation Board declined to take jurisdiction over the proposed project.
July 19
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Republicans delegates adopted a 2016 platform at their national convention in Cleveland that supports statehood for Puerto Rico, but not for the District of Columbia. The GOP also wants to abolish the Internal Revenue Service, overhaul the federal tax code, and expand the use of P3s for infrastructure projects.
July 19 -
Municipal investors should be prepared for the eventual departure of non-traditional and international buyers from the sector, Regions Investment Management said in a new report.
July 19 -
Nearly everyone agrees that modern, well-maintained infrastructure is a huge benefit to the country, but making those investments has become politically divisive. What if that controversy didn't exist?
July 19
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Increased federal funding for freight-related infrastructure is a credit positive for U.S. ports, Moody's says.
July 18
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Mississippi absorbed a downgrade from Fitch Ratings, which cited weaker-than-expected .performance and criteria changes in lowering its issuer default and general obligation ratings one notch to AA.
July 18
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A repeal of the tax exemption for municipal bonds would cost state and local governments an additional $495 billion in interest over a ten-year period, Bond Dealers of America told Congress recently.
July 18
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Junk-rated Chicago Public Schools is using risky assumptions in its efforts to erase a $1 billion deficit, S&P Global Ratings said as it extended its CreditWatch on the district.
July 18
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Public-private partnerships could be the answer for reviving stalled high-speed rail efforts.
July 15
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In the week ended July 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.74% from 3.72% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
July 14 -
An additional $500 billion of federal funding for public infrastructure over the next 10 years would stimulate the U.S. economy and create millions of new jobs, the Center for American Progress said in calling for a comprehensive national program.
July 14
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Gov. Tom Wolf signed a $31.5 billion budget after lawmakers filled a $1.3 billion gap through a patchwork of tax hikes and revenue assumptions.
July 14
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