Connecticut

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.

Malloy says he's open to revenue bonds

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

WEST HAVEN, Conn. -- The City Council approved bonding ordinances for both the $17.35 million financing of the city's accumulated deficit and the $133.25 million West Haven High School reconstruction.

Chances of an on-time Connecticut spending plan faded.

Connecticut's governor asked lawmakers to consider a “mini-budget” should the state miss Friday's deadline.

The union rank and file must OK the agreement as a budget deadline nears.

Connecticut Gov. Dannel Malloy is developing a plan to operate state government should a budget not materialize.

STRATFORD, Conn. -- Mayor John Harkins on Wednesday again vetoed a budget that was passed by the six hard-liners on the Town Council.

WEST HAVEN, Conn. -- With the annual audit of fiscal 2015-16 now delivered to the city -- and showing the city's cumulative deficit rising by $500,000 to $16.8 million -- the long-discussed deficit financing plan to bond the deficit and pay it off over time is ready to go forward.

Connecticut-based insurance behemoth Aetna confirmed relocation talks with other states.

Hartford, Conn.’s Ba2 rating is under review for a downgrade, said Moody's Investors Service.

A Connecticut town is enhancing its disclosure practices through new technology.

Connecticut Gov. Dannel Malloy released a framework to reshape contracts with state employee unions.

University of Connecticut bonds are on Moody's review for downgrade.

Connecticut's governor and lawmakers are trying to patch a projected $5 billion deficit.

S&P joined Moody's and Fitch in downgrading Connecticut.