Pennsylvania

West Penn Allegheny Health System has 30 days to post its audited financial report for the 2012 fiscal year to avoid default on its $726 million bond issue.

Pennsylvania State Sen. Mike Folmer plans to introduce a legislative package to deal with issues related to capital city Harrisburg's debt crisis.

Highmark and West Penn Allegheny Health System poached a group of five obstetricians and gynecologists previously affiliated with the University of Pittsburgh Medical Center.

Highmark, Inc. and state lawmakers are pushing the Pennsylvania Insurance Department to step up its review of the West Penn Allegheny Health System affiliation, but the agency wants more details.

Dauphin County, Pa., expects to make a $1.5 million bond debt payment for Harrisburg University for the second straight year.

Moody's Investors Service downgraded the general obligation bond rating of East Pennsboro Township two notches to Baa2 from A3.

Moody's Investors Service revised its outlook for Doylestown Hospital, Pa. to stable from negative while affirming its Baa2 long-term rating.

A three-judge panel in Lackawanna County rejected Scranton, Pa.'s request to impose a 1% commuter tax, saying the distressed city wasn't persuasive enough.

The leader of Harrisburg, Pa.'s regional chamber of commerce resigned from the city's municipal financial recovery advisory committee amid backlash over a video lampooning Harrisburg's debt crisis.

Pennsylvania Education Commissioner Ron Tomalis named Gene Veno chief recovery officer for Harrisburg's schools in what could be a prelude to receivership.

Two days of testimony on distressed Scranton, Pa.'s request for a commuter tax ended in Lackawanna County, with a three-member panel of judges yet to rule.

The Philadelphia Authority for Industrial Development will sell $298.7 million in federally taxable bonds on Tuesday.

Moody’s Investors Service downgraded to Ba2 from Ba1 the long-term bond rating assigned to Good Samaritan Hospital’s 64.5 million of outstanding bonds issued by the Lebanon County Health Facilities Authority.

Scranton, Pa., received a $14.7 million through a private placement Thursday with Janney, which cited positive indicators in the financially distressed city.

Standard & Poor's lowered West Penn Allegheny to CC from B-minus in the beleaguered health system's third downgrade from a major rating agency in two months.

Alan Kennedy-Shaffer won his battle with Gov. Tom Corbett’s administration to continue leading community group Harrisburg Hope while working as a state attorney.

Standard & Poor’s raised its general obligation bond rating of Lynn, Mass. to A from A-minus.

West Penn Allegheny Health System revealed that the Securities and Exchange Commission may sue it over accounting discrepancies.

Distressed Scranton, Pa.'s proposed $110 million budget represents a 29% increase, and comes as a county court is set to rule on whether it can impose a commuter tax.

The city of Philadelphia began the search for a broker to manage its potential sale of the Philadelphia Gas Works, one of the few city-owned gas companies in the United States.