Paul Burton

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.

Alan Kennedy-Shaffer won his battle with Gov. Tom Corbett’s administration to continue leading community group Harrisburg Hope while working as a state attorney.

Metropolitan Transportation Authority Chairman Joseph Lhota deflected speculation about his viability as a mayoral candidate after leading the MTA through Hurricane Sandy.

Standard & Poor’s raised its general obligation bond rating of Lynn, Mass. to A from A-minus.

New York City Comptroller John Liu called for "green apple" bonds to rid public school light fixtures of PCBs by 2015; he said the city would save $339 million.

West Penn Allegheny Health System revealed that the Securities and Exchange Commission may sue it over accounting discrepancies.

Distressed Scranton, Pa.'s proposed $110 million budget represents a 29% increase, and comes as a county court is set to rule on whether it can impose a commuter tax.

Connecticut's Office of Policy and Management has announced $170 million in cuts, amounting to half its estimated shortfall for the current fiscal year.

The New York City Municipal Water Finance Authority has planned a $435 million sale of new money bonds on Tuesday, after a one-day retail order period.

Battered by Hurricane Sandy, New York's Metropolitan Transportation Authority may be on the hook for an estimated $950 million, even after reimbursements.

Moody's has placed New York University Hospitals Center's A3 bond rating under review, after the continued closure of Tisch Hospital following Hurricane Sandy.

New York City Comptroller John Liu said an audit of the city’s Department of Environmental Protection’s Bowery Bay water pollution control project in Queens determined that a consultant’s design errors and omissions had cost the city an extra $6.6 million, but the agency made little or no effort to recoup the money for the city.

The New York City Transitional Finance Authority sold $914.8 million of subordinate fixed-rate bonds on Thursday.

The University of Connecticut on Tuesday issued $88 million of UConn2000 Series 2012A special obligation student fee revenue refunding bonds, with an all-in true interest cost of 2.48%.

Will the proposed tourist ferris wheel for Staten Island be a game-changer for New York City's forgotten borough, or are officials spinning their wheels?

A report by asset manager Conning that placed Connecticut last among the 50 states in credit quality has state Treasurer Denise Nappier up in arms.