Paul Burton is the Northeast Regional Editor for The Bond Buyer. His major coverage has included New York City and MTA finances; the Harrisburg, Pa., debt crisis; the 38 Studios bond financing fiasco in Rhode Island; and unfunded pension liability. Paul hosts podcasts and videos and has moderated at Bond Buyer conferences. Previously, Paul was senior editor and copy chief at M&A-oriented financial media company The Deal LLC. His award-winning career has spanned financial, sports and political journalism. A Boston native, Paul is the author of the book “Tales from the Newsrooms.” He is a frequent public speaker and has appeared as an expert on municipal debt on radio and television shows, including former CBS News White House correspondent Sharyl Attkisson’s public-affairs program, “Full Measure.”
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The second day of jury deliberations in the municipal bond bid-rigging trial in New York produced nothing, as the 12 jurors, showing a bent for the granular that matches prosecution and defense, requested more audiotapes of conversations.
May 9 -
The jury in the municipal bond bid-rigging trial in New York failed to reach a verdict Tuesday in its first day of deliberations.
May 8 -
After three weeks of listening to audio transcripts that ranged from titillating to tedious, jurors heard more taped conversations in Judge Harold Baer's courtroom in the U.S. District Court for the Southern District of New York in Manhattan.
May 7 -
Massachusetts is scheduled to sell $419.3 million of commonwealth transportation fund revenue bonds by competitive bid under its accelerated bridge program.
May 7 -
Massachusetts on Tuesday is scheduled to sell $419.3 million of commonwealth transportation fund revenue bonds by competitive bid under its accelerated bridge program.
May 7 -
The industry needs a shake-up, Jules Kroll said. And he's trying to provide one, founding the Kroll Bond Rating Agency Inc. in 2010 with help from his son, Jeremy.
May 4 - Pennsylvania
Harrisburg’s City Council tabled its vote to approve the hiring of chief operations officer Ricardo Mendez-Saldivia, citing its concerns over the receivership plan for Pennsylvania’s distressed capital.
May 4 - New York
New York’s industrial development agencies supported 4,444 projects and provided nearly $500 million in net tax exemptions in 2010, but projects were down and cumulative job gains decreased by 22,000 from 2009, according to an annual performance report by state Comptroller Thomas DiNapoli.
May 4 -
Pennsylvania declared the city of Altoona its 27th distressed municipality. C. Alan Walker, secretary of the Department of Community and Economic Development Secretary, made the announcement Thursday. He has 30 days to appoint a recovery plan coordinator for the city under the Act 47 program.
May 3 -
New York Mayor Michael Bloomberg on Thursday introduced a $68.7 billion budget for fiscal 2013 that while balanced, leaves the city with budget gaps ranging from $3 billion to $3.7 billion over the following years.
May 3 -
Summations in the municipal bond bid-rigging trial of Steven Goldberg, Peter Grimm and Dominick Carollo are scheduled to start at 9:30 a.m. Monday in New York.
May 3 -
The judge in the municipal bond bid-rigging case in New York said Tuesday he is inclined to strike the testimony of a questionable governmental witness who did not return for cross-examination last week, but let the trial continue.
May 1 -
Providence, R.I., received yet another downgrade on Tuesday, but the distressed Rhode Island capital also had some good news to counter the bad.
May 1 -
Defense attorneys for three former banking executives accused of rigging municipal bond bids sought a mistrial Monday on the grounds that one government witness did not return to continue cross-examination.
April 30 -
Defense attorneys for three former banking executives accused of rigging municipal bond bids sought a mistrial Monday on the grounds that one government witness did not return to continue cross-examination.
April 30 -
The attorney representing the Harrisburg, Pa., City Council in its bankruptcy appeal filed a counterclaim Monday against the state, mayor and Dauphin County, all which sought damages against him two weeks ago.
April 30 -
Rhode IslandIn the next chapter in Rhode Island's ongoing battles about public pension overhauls, the Providence City Council on Monday night is expected to approve sweeping changes to its pension system.
April 27 - Pennsylvania
Harrisburg City Council member Patty Kim won a four-person Democratic primary for Pennsylvania state representative in the 103rd District.
April 27 - New York
Former Yonkers, N.Y., deputy mayor William Regan, who received a controversial last-minute spike in pay, also attempted in vain to receive thousands of extra dollars in unemployment pay, the Journal News of Westchester County reported.
April 27 -
A defense attorney in the municipal bond bid-rigging trial in New York on Thursday interrogated a government witness about his memory, and even his drinking.
April 26
