Bush's Proposed Cuts Put Amtrak on Moody's Watch List

Sanchez, Humberto
February 2005
Bond Buyer;2/10/2005, Vol. 351 Issue 32068, p5
Trade Publication
The article reports that Moody's Investors Service Inc. placed Amtrak Corp.'s A3 rating on watch list for possible downgrade due to a proposal in U.S. President George W. Bush's fiscal 2006 budget to reduce federal funding for the passenger railroad to $360 million--$840 million less than the amount Congress provided in fiscal 2005. Moody's action directly affects the rail corporation's issuer rating and the ratings for $300 million of Amtrak/Pennsylvania Station tax-exempt lease finance trust certificates, Series 2001, and $100 million of Pennsylvania Economic Development Finance Authority tax-exempt bonds, Series 2001 A.


Related Articles

  • Saving Amtrak again. Lockhart, Lee // Business Journal Serving Fresno & the Central San Joaquin Valley;3/11/2005, Issue 323372, p22 

    Comments on the impact of the proposed 2006 budget of U.S. President George W. Bush which aims to reduce the funding on Amtrak, the country's passenger rail service, on the rail transportation in California. Need for the state to function with a reduced funding from the federal government;...

  • BUDGET GAINS AND PAINS.  // njbiz;2/14/2005, Vol. 18 Issue 7, p4 

    Reports on the impact of the federal budget proposal delivered by U.S. President George W. Bush on New Jersey as of February 2005. Amount of budget for construction at Fort Dix, McGuire Air Force Base and Naval Station in Lakehurst; Number of people employed in the Lakehurst station; Proposal...

  • Bush Plan Has One Tax-Exempt Bond Proposal, for Schools. Ferris, Craig T. // Bond Buyer;03/01/2001, Vol. 335 Issue 31087, p5 

    Reports the tax exempt bond proposal of President George Bush for schools in the United States. Creation of a housing tax credit program; Provision of incentives for private investors to construct or rehabilitate houses; Expectations on the tax credit plan.

  • Top 10E-Mailed Stories.  // Bond Buyer;1/5/2009, Vol. 367 Issue 33034, p6 

    The article offers bond related news briefs in the U.S. Moody's Investors Service Inc. warns that the bad times will likely result in more rating downgrades for local governments because it will be deeper and longer lasting. State and local housing finance agencies were ready to jump into the...

  • Letter to the Speaker of the House of Representatives Requesting Additional Emergency FY 2005 Supplemental Funds.  // Weekly Compilation of Presidential Documents;9/12/2005, Vol. 41 Issue 36, p1361 

    Presents the text of a letter sent by U.S. President George W. Bush to the Speaker of the U.S. House of Representatives regarding additional emergency supplement funds on September 7, 2005. Provisions of the Emergency Supplemental Appropriations Act to Meet Immediate Needs Arising From the...

  • Memorandum on Transfer of Funds Appropriated to the President Under the Heading Operating Expenses of the Coalition Provisional Authority, and Delegation of the Functions of the President Under the Heading Iraq Relief and Reconstruction Fund, in the... Bush, George W. // Weekly Compilation of Presidential Documents;12/15/2003, Vol. 39 Issue 50, p1766 

    Presents the text of a memorandum issued by U.S. President George W. Bush on December 5, 2003, which deals with the transfer of funds appropriated to the President under the Heading Operating Expenses of the Coalition Provisional Authority in 2004.

  • Tax fraud.  // Commonweal;4/11/2003, Vol. 130 Issue 7, p5 

    Focuses on the budget proposed by U.S. President George W. Bush for fiscal year 2004. Overview of the tax plans of the president; Reason behind the effort of Bush to led the nation into war with Iraq; Belief of Bush on the solution to the economic malaise in the country.

  • Basic Math. Peters, Katherine McIntire // Government Executive;Mar2007, Vol. 39 Issue 3, p22 

    The article focuses on issues related to U.S. President George W. Bush administration's $2.9 trillion budget request to fund federal operations in 2008. The White House promises to balance the budget in five years, increasing research into alternative fuels, expand military ground forces and pay...

  • Remarks Following a Meeting With the House Republican Conference and an Exchange With Reporters. Bush, George W. // Weekly Compilation of Presidential Documents;6/25/2007, Vol. 43 Issue 25, p835 

    The article focuses on the remarks delivered by U.S. President George W. Bush following a meeting with the House Republican conference and an exchange with reporters on June 20, 2007. Bush has noted that there has been an alternative budget presented in the Congress by the Democrats which will...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics