Pennsylvania

The university cut campuses in areas with declining populations; this week it plans to issue bonds to fund football stadium renovations.

State governments would either have to spend more or fewer people would be covered, or a combination of the two, under the GOP's Medicaid and SNAP cuts.

Higher borrowing costs without the tax exemption could force public water, sewer and power providers to raise rates, neglect infrastructure, or sell systems.

Hospital and health insurance operator UPMC's $735 million deal looks routine. But the volatile healthcare and insurance environments may disrupt that standard.

Josh Shapiro suggested modest spending hikes — and even more modest revenue growth. 

Williams, a former salesman and founder of A. H. Williams & Co., became a "giant" in the Pennsylvania muni world through relationships built on trust. 

The muni market saw $507.585 billion of debt issued in 2024, up 31.8% from $385.061 in 2023. This surpasses the previous record of $484.601 billion in 2020 by more than $20 billion, per LSEG data.

Robert McDermott has joined the firm as a director.

Governments once stayed for decades in the state program for distressed municipalites; one official called it a "roach motel." Today, only three towns remain.

A bankrupt city's only asset is mired in its history of corruption and a statewide fight over utilities privatization.