Paul Burton

Pittsburgh city Controller Michael Lamb will run for mayor of Pittsburgh, challenging incumbent Luke Ravenstahl.

Kroll Bond Rating Agency may make little headway into breaking up the "big three," but it may trigger changes in operations by Moody's Investors Service, Standard & Poor's and Fitch Ratings, according to a municipal analyst.

Standard & Poor's raised its long-term rating and underlying rating on the Massachusetts Development Finance Agency's bonds issued for Clark University to A-plus from A.

Rhode Island Rep. Michael Marcello said he doesn't want public hearings on the $75 million loan guarantee to 38 Studios to interfere with a State Police probe.

New York City Comptroller John Liu launched Checkbook NYC 2.0, a website that he said opens the door into how the city spends its $70 billion annual budget.

Gov. Andrew Cuomo's proposed $142.6 billion budget for 2013-14 included some plusses for New York City and the Metropolitan Transportation Authority.

Allentown, Pa., officials have narrowed their short list for a 50-year concession P3 lease agreement for its water and sewer systems to six companies.

While calling an $11.4 million general fund shortfall in Providence, R.I., a credit negative, Moody's praised officials for whittling down a $110 million gap.

Moody's says the West Penn Allegheny debt restructuring features "close parallels" to the bankruptcy of the teetering health system's predecessor 15 years ago.

Rhode Island Gov. Lincoln Chafee's proposed $8.2 billion budget includes a corporate tax cut and a $20 million local package to help distressed communities.

Gov. Deval Patrick proposed raising income taxes in Massachusetts, while lowering the sales tax and dedicating sales tax proceeds to a lockbox public works fund.

Officials from Highmark and West Penn Allegheny Health System announced an agreement with West Penn bondholders to accept a haircut on their holdings, avoiding a potential bankruptcy and allowing an affiliation agreement to proceed.

Pennsylvania Democrats promised to fight Gov. Tom Corbett's deal with a British firm to privatize the state lottery through the courts, if necessary.

Pennsylvania chose Camelot Global Services of Britain to run its lottery system, though critics say Gov. Tom Corbett is moving too quickly on the privatization.

The capital markets reacted favorably when the U.S. Justice Department let two Rhode Island communities use Google settlement money to replenish pension funds.

A private-sector financial consultant wants Scranton, Pa., officials to clarify a bond-document statement that he said contradicts property tax increase plans.

Rhode Island Gov. Lincoln Chafee announced a transparency and accountability initiative, the goal of which, he said in an executive order, is to make more information about government operations and management available to the public.

Harrisburg, Pa., Controller and mayoral candidate Dan Miller said he would appeal a judge’s decision that would force him to sign an agreement that allows the distressed city’s sale of Wild West artifact collections to proceed, the Patriot-News reported.

Massachusetts officials introduced legislation to overhaul OPEB benefits in what Treasurer Steven Grossman called "a game-changer" for Bay State finances.

Pennsylvania lawmakers will debate legislation to forbid governments from interest-rate swap transactions. Supporters say unsophisticated governments can lose too much money from the complex deals.