Paul Burton

Connecticut's persistent budget deficits will be the subject of a special legislative session in which Gov. Dannel Malloy will ask for budget cuts, not long after authorizing Treasurer Denise Nappier to tap an emergency cash flow credit line.

The leader of Harrisburg, Pa.'s regional chamber of commerce resigned from the city's municipal financial recovery advisory committee amid backlash over a video lampooning Harrisburg's debt crisis.

New York City's sale of $1 billion of tax-exempt refunding general obligation bonds on Tuesday represented an increase of 18% from the expected $850 million par amount.

Massachusetts Treasurer Steven Grossman named Jessie Saintcyr as deputy treasurer, making his senior human resources official, the daughter of Haitian immigrants, one of his top five advisors.

Pennsylvania Education Commissioner Ron Tomalis named Gene Veno chief recovery officer for Harrisburg's schools in what could be a prelude to receivership.

Two days of testimony on distressed Scranton, Pa.'s request for a commuter tax ended in Lackawanna County, with a three-member panel of judges yet to rule.

Court officials have rescheduled the sentencing date for the former mayor of Central Falls, R.I., who pleaded guilty last month to corruption charges.

Moody’s Investors Service downgraded to Ba2 from Ba1 the long-term bond rating assigned to Good Samaritan Hospital’s 64.5 million of outstanding bonds issued by the Lebanon County Health Facilities Authority.

The New York City Municipal Water Finance Authority priced $441 million of second resolution, fixed-rate tax-exempt new-money bonds Wednesday.

New York City and private real estate officials broke ground Tuesday on a 26-acre development at Hudson Yards, once the single largest piece of undeveloped property in Manhattan.

Whether Rhode Island's pension law withstands a legal challenge is still uncertain, but one thing's clear: Judge Sarah Taft-Carter intends to hear the case.

Joining the bridge and tunnel crowd, Kroll rated about $900 million worth of bonds that New York's Triborough Bridge and Tunnel Authority intends to sell.

Mayor Michael Bloomberg's plans for New York City after Hurricane Sandy won't include seawalls, but levees, jetties, berms and dunes could be in the works.

Gov. Lincoln Chafee suggests settlement talks with unions over the landmark pension overhaul law, while Treasurer Gina Raimondo wants the state to stand firm.

Speaking in Washington before a Senate panel, Joseph Lhota, chairman of New York's MTA, urged federal help for his hurricane-battered transit system.

Scranton, Pa., received a $14.7 million through a private placement Thursday with Janney, which cited positive indicators in the financially distressed city.

While Connecticut's budget deficit estimates soar, state officials are prepared to tap a line of credit of up to $550 million to fund operations, if needed.

Standard & Poor's lowered West Penn Allegheny to CC from B-minus in the beleaguered health system's third downgrade from a major rating agency in two months.

The need for New York's MTA to borrow up to $4.8 billion using short-term recovery notes for Hurricane Sandy costs is a credit negative, according to Moody's.

Massachusetts will to price $381 million of general obligation bonds on Wednesday, including $231 million of SIFMA index refunding bonds and $150 million of new-money bonds.