Paul Burton

Rhode Island State Sen. James Sheehan, D-Narragansett, called for major changes in the governance structure and responsibilities of the Rhode Island Economic Development Corp.

Jay Walder, the chief executive of Kong Kong's MTR Corp. and former chairman of New York's Metropolitan Transportation Authority, signed a 25-year public-private partnership with Hangzhou, China, to build a subway line.

Nearly broke and seemingly shut off from the capital markets, Scranton has asked its pension board to meet current-year obligations for payroll and debt service.

Rhode Island's Investment Commission on Wednesday chose BNY Mellon as its custodian bank for the state's assets of roughly $8 billion, General Treasurer Gina Raimondo announced.

New York's Metropolitan Transportation Authority introduced a financial plan on Wednesday that projected a $46 million cash surplus rolled into each of the next two years, but also deficits from 2014 to 2016 that range from $14 million to $231 million.

According to the report, the city absorbed $264 million of incinerator bond debt that year.

Conduit bond issuer Build NYC Resource Corp. has approved $75.6 million of tax-exempt financing to assist four New York City nonprofits.

The ratings agency praises the Massachusetts capital for its handling of pension and OPEB liabilities and its handling of reserves

Neil Grover of the taxpayer group Harrisburg Debt Watch will resume the battle against receiver William Lynch over tripling the earned-income tax in Pennsylvania's capital city.

The school's Aa1 rating is at risk after the NCAA imposed a $60 million fine for its role in a child sex-abuse scandal.

A court hearing looms on a state receiver's lawsuit demanding that it triple the city's income tax.

Thomas DiNapoli praised the city closing budget gaps, but warned about rising debt and dwindling reserves.

The rating agency does not expect the NCAA's $60 million fine to immediately affect the long-term ratings on various revenue bonds issued by and for the school.

Its finance manager is examining how the alleged London interbank offering rate scandal has affected the transit authority's investments.

The City Council has introduced tentative agreements with the police and fire unions that reflect the state Supreme Court ruling last fall.

A new Pennsylvania law will consolidate the functions of the Securities Commission into the Department of Banking to form a new Department of Banking and Securities.

Mark Schwartz, who has represented the Harrisburg City Council since October and filed a Chapter 9 petition on its behalf, withdrew from its most recent filing from the Commonwealth Court, saying he has not been paid.

New York State Comptroller Thomas DiNapoli's office has begun an independent financial review of the financially troubled State University of New York Downstate Medical Center and its affiliates.

Long Beach, N.Y., could issue a request for proposals by fall to operate its 38-year-old Long Beach Ice Arena.

Gov. Lincoln Chafee sees Peter Marino's hiring as a crucial piece to the Ocean State puzzle.