North Carolina

The state was one of three where one person was responsible for deciding how to invest pension money.

Southeast state governments are among the most dependent on federal Medicaid, SNAP and FEMA funding.

The North Carolina Office of State Budget and Management says the state will have widening deficits starting in fiscal 2026 unless changes are made.

Denise Canada, appointed by Brad Briner to head state and local government finance, has experience working for the state's local and state governments.

Strong enplanement growth, an expansive number of days of cash on hand and low costs outweigh credit concerns, analysts said.

Moody's Ratings cited low liquidity as a reason for the downgrade.

Charlotte will sell $330 million of bonds and Duke Health will offer $540 million.

Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.

Both states' governors said they will appeal the FEMA denials, which comes amid concern the Trump adminstration is hobbling the emergency response agency.

The state, which has cut income taxes with more cuts scheduled, is on a path to a greater than 10% budget deficit in three years, say the legislature's analysts.