New York

Detroit's bankruptcy and Puerto Rico's default are similar to New York City's mid-1970s crisis, public finance veteran Richard Ravitch says.

New York City has announced the results of an RPF for the selection of financial advisors, pricing advisors and swap advisors for bond sales by the city and by its financial entities. The selection process was held in collaboration with the comptroller's office.

Nassau County, N.Y. Comptroller George Maragos is projecting a $61.9 million cash deficit this year unless the county increases revenue or cuts expenses.

Former NASDAQ chairman Frank Zarb will head a new panel charged with reviewing the contracting process in New York's Nassau County.

New York City's out-year budget gaps are manageable under current economic conditions, state Comptroller Thomas DiNapoli told the Financial Control Board.

New York City Comptroller Scott Stringer and city pension fund trustees announce a $500 million expansion of a private equity emerging manager program.

Port Authority of New York and New Jersey Chairman John Degnan says federal backing is needed in order to advance a stalled Hudson River tunnel project from Amtrak that is being pushed by U.S. Transportation Secretary Anthony Foxx.

As the Long Island Power Authority seeks to lower its debt costs, a never-opened nuclear power plant built by the utility's predecessor in the 1980s remains an albatross.

MTA Chairman Thomas Prendergast called on New York Mayor Bill de Blasio to quintuple the city's capital plan contribution to $3.2 billion.

Cities and states should manage their money with caution even amid improving conditions, New York City Comptroller Scott Stringer told investors and public officials.

Beyond the initial cheerleading, questions about transit pieces follow the announced construction of a new LaGuardia Airport in New York.

U.S. Transportation Secretary Anthony Foxx wants the governors of New Jersey and New York to meet with him in two weeks to advance a stalled Hudson River tunnel project.

Vice President Joseph Biden, who once likened New York’s LaGuardia Airport to a “third world country,” joined Gov. Andrew Cuomo to announce its rebuilding.

New York City should ramp up its contribution to the Metropolitan Transportation Authority's five-year capital program to $3 billion, Gov. Andrew Cuomo said.

The Port Authority of New York and New Jersey has approved $112.9 million for new street-level barriers across the World Trade Center site aimed at protecting it from future severe storms.

A coalition of state and city finance officials led by Rhode Island Treasurer Seth Magaziner wants the SEC to require greater transparency from PE firms that manage public pension funds.

While New York's MTA seeks funding for its proposed $32 billion capital plan, state officials are prodding the agency to expand in design-build project delivery.

New York Mayor Bill de Blasio shelved a plan to restrict the expansion of tech-oriented car service Uber pending a traffic-impact study.

New York's Metropolitan Transportation Authority, which needs up to $14 billion to plug a gap in its proposed five-year capital plan, receives an encouraging signal from City Hall.

Rep. Tom Reed, R-N.Y., and Sen. David Vitter, R-La., have introduced bipartisan disaster tax relief bills that include several bond provisions.