Pennsylvania

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.

Harrisburg's former receiver wants a special prosecutor to probe the incinerator bond deals that left Pennsylvania's capital more than $340 million in the hole.

Retail pricing began for the Pennsylvania Housing Finance Agency's $230 million sale of mortgage revenue bonds. The institutional sale will be Thursday.

Moody's downgraded to Ca from Caa1 the bond rating of West Penn Allegheny Health System, which is embroiled in a messy merger battle with Highmark.

City officials, workout consultants and industry leaders asked a Pennsylvania agency to let the city of Pittsburgh exit its recovery plan and the distressed label that goes with it.

A judge on Friday granted Highmark's motion for a preliminary injunction against West Penn Allegheny Health System, blocking the speculative-rated health system from seeking other suitors for an affiliation.

Standard & Poor's lowered West Philadelphia Achievement Charter Elementary School's $7.45 million revenue bonds to junk bond level BB-plus from BBB-minus.

A federal judge will sentence David Dodd on felony counts related to the failed Capitol View Commerce Center project in Harrisburg, Pa.

Pittsburgh officials say they have come so far from their basket-case days of nine years ago that they want a state agency to remove the "distressed" tag.

The Scranton, Pa., City Council introduced proposals to increase in the real estate transfer, business privilege and mercantile taxes for 2013.

Harrisburg's state-appointed receiver insists that selling the parking garages in Pennsylvania's capital city is still a better option than keeping them and using their revenue to pay down incinerator-related debt.