Paul Burton

The judge overseeing the municipal bond bid-rigging trial in New York on Monday rejected a defense motion for a mistrial.

New York Gov. Andrew Cuomo on Monday nominated his predecessor, David Paterson, for the board of the Metropolitan Transportation Authority, subject to Senate approval.

Cities, counties and states continue to struggle with unfunded pension liabilities, prompting the question of whether pension obligations represent debt or values.

Rhode Island Gov. Lincoln Chafee announced that director of policy Brian M. Daniels has agreed to lead the state’s performance management initiative, working with departments and agencies to encourage data-driven decision making.

New York Gov. Andrew Cuomo has announced a $17.1 million investment for New York Works projects that will call for 31 flood-control systems and dam repair projects in western New York.

Dauphin County, Pa., has sued for reimbursement of fees and court costs from attorney Mark Schwartz, who is appealing the rejection of the Harrisburg City Council’s bankruptcy filing.

Another former executive of brokerage CDR Financial Products Inc. — the third such government witness in the municipal bond bid-rigging trial in Manhattan — testified Thursday that he manipulated bids to obtain contracts for former executives of General Electric Co. subsidiaries.

The tale of the tape continued Wednesday in the municipal bond bid-rigging trial in Manhattan, as prosecutors, interspersing audio tapes and transcripts with bid documents, called to the stand another former employee of brokerage CDR Financial Services, seeking to establish a pattern of fraud by three former executives of General Electric Co. subsidiaries.

The tale of the tape continued Wednesday in the municipal bond bid-rigging trial in Manhattan, as prosecutors, interspersing audio tapes and transcripts with bid documents, called to the stand another former employee of brokerage CDR Financial Services, seeking to establish a pattern of fraud by three former executives of General Electric Co. subsidiaries.

A former senior vice president at brokerage CDR Financial Products Inc. faced intense questioning from both the prosecution and the defense in the second day of a municipal bond bid-rigging trial in New York.

The federal prosecutors in a municipal bond bid-rigging trial that began in New York accused three executives of fraud that cost cities and towns, and the IRS, millions of dollars.

Pennsylvania plans to sell $950 million of general obligation bonds by competitive sale on Tuesday.

The prosecutors in a municipal bond bid-rigging trial that began in New York on Monday accused three executives of fraud that cost cities and towns, and the Internal Revenue Service millions of dollars.

Pennsylvania plans to sell $950 million in general obligation bonds by competitive sale on Tuesday.

Massachusetts' request for qualifications for public finance investment banking and underwriting services — its first in four years to pre-qualify banks to use in negotiated sales — has elicited widespread responses, state Treasury officials say.

Providence dropped retired Supreme Court Justice Robert Flanders as an advisor after he said the capital city was headed to bankruptcy court.

The New York City Transitional Finance Authority sold $900 million of future tax-secured, fixed-rate new money subordinate bonds.

The temporary receiver for Harrisburg still hopes Pennsylvania’s capital city can close on the sale of its troubled incinerator and other assets to raise cash by the end of June, a target his predecessor had established.

Pennsylvania's Senate will consider legislation enabling public-private partnerships for bridges and roads when it reconvenes April 30.

The passage of New York’s budget is a credit positive for less affluent school districts struggling to overcome constraints caused by the state’s new 2% cap on annual increases in property tax levies, Moody’s Investors Service said in a report.