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Massachusetts
BOSTON – Massachusetts holds a "precarious footing" on its economic future, according to a group of regional economists and forecasters, who cited global uncertainty, a potential debt crisis and a U.S. economic slowdown as reasons for concern. The outlook released Wednesday by MassBenchmarks economists notes that first quarter
Democrats
BOSTON – Republicans in the state Senate appeared resigned on Tuesday to the idea that Wednesday's vote over a constitutional amendment that would slap the commonwealth's top earners with a special tax surcharge will be a mere formality rather than a considered move informed by an actual
Philadelphia
WASHINGTON (AP) — The Amtrak engineer whose speeding train ran off the rails in Philadelphia last year was apparently distracted by word that a train nearby had been hit by a rock, federal investigators concluded Tuesday, pinning most of the blame on him for the wreck that killed eight people. "
Massachusetts
BOSTON – State transportation system overseers are moving ahead on unwinding a series of swaps, sophisticated financial bets on the direction of interest rates, that have kept part of the state's transportation-related debt payments locked in at higher rates. Terminating the interest-rate swaps with UBS and Deutsche Bank is
boston
Transportation overseers gave a unanimous, but provisional, go-ahead for scaled-down Green Line Extension project on Monday without yet fully committing the state to the $2.3 billion endeavor. "There's a difference between giving it the green light and signing on the bottom line," Transportation Secretary Stephanie
boston
BOSTON – State officials shaved about $622 million from the cost of the Green Line Extension project, putting the new price tag at about $2.3 billion and leaving an estimated $73 million funding gap, Transportation Secretary Stephanie Pollack told reporters ahead of a critical meeting on the project Monday afternoon.
boston
BOSTON – The fate of the cost-burdened Green Line Extension depends in large part on the new budget that will be presented to transportation overseers at a meeting Monday. Last August, Transportation Secretary Stephanie Pollack paused the trolley line extension to Somerville and Medford, warning that the prior cost estimate of
Maryland
WASHINGTON (AP) — Washington's beleaguered subway system will endure a year of rolling shutdowns and slowdowns in an effort to catch up on maintenance and improve safety and reliability. Metro's general manager, Paul Wiedefeld, said Friday that his plan calls for squeezing three years' worth of
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