Companies that build private toll roads are pressing states to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
Tesla Motors Inc. was in trouble in North Carolina. Prohibited from opening showrooms there, it was on the way to being unable to sell cars at all when the state Senate voted unanimously to block online auto sales.
U.S. localities are asking voters to approve about $18 billion of bonds for schools, hospitals and streets, less than half the 2007 record for an off-year election, showing officials’ reluctance to take on borrowing.
Municipal bonds are rallying the most in six months against federal debt, showing how bolstered local-government budgets are making city and state borrowings a haven from political turmoil over a possible U.S. default.
As New Jersey Governor Chris Christie leads his opponent by as much as 34 percentage points in his bid for a second term, some Democrats say they’re worried that votes for the incumbent Republican will trickle down the ballot.