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Those who knew her described her as driven and compassionate, crediting her with helping to launch the careers of countless muni professionals.

The agreement includes a $125 million increase in Community Development Block Grants and a $245.5 million increase in grants to state and local law enforcement.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

The Bond Buyer's Paul Burton and Andrew Coen dissect Northeast regional transportation, including the stalled Gateway tunnel project, New York MTA, NJTransit, Penn Station and Connecticut's tolling debate.

The Federal Reserve should keep interest rates on hold next year, unless there’s a material change in the outlook for the U.S. economy, Dallas Fed President Robert Kaplan said.

Recession fears, which persisted earlier this year, have subsided and Federal Reserve Bank of Boston President Eric Rosengren does not expect a downturn unless a major shock occurs.

New York financial leaders remember Felix Rohatyn, who died Saturday, as the driving force behind the city's recovery from near-bankruptcy in the 1970s.

A new survey by the National Association of State Budget Officers reports these reserves had a median balance of 7.6% of a state’s general fund in fiscal 2019, compared with 4.7% in fiscal 2007 before the onset of Great Recession in December of that year.

Moody's downgraded the 417-bed Claremont Properties project to Caa2.

The non-profit partner in a $250 million campus apartment complex is suing the university after the school canceled parking and commercial leases.