Pennsylvania

The transactions related to Harrisburg, Pa.'s financial recovery plan must close by the end of November, Mayor Linda Thompson said Friday.

Distressed Harrisburg, Pa., is launching a planning initiative as part of its financial recovery plan, Mayor Linda Thompson announced.

Fitch Ratings placed Chester Community Charter School's BB-rated $56.1 million revenue bonds on rating watch negative.

Moody's Investors Service has upgraded the debt of Catholic Health East to Aa2 from A2 to reflect its merger with Trinity Health.

The Commonwealth Court of Pennsylvania cited nominating-paper defects in rejecting the Harrisburg, Pa., mayoral candidacy of independent Nevin Mindlin.

Pennsylvania’s Office of Policy & Public Private Partnerships will accept unsolicited proposals for transportation projects from the private sector through Oct. 31.

Pennsylvania Gov. Tom Corbett named former budget office spokesman Jay Pagni as press secretary.

Moody's revised its outlook to developing from negative on Harrisburg parking bonds, pending resolution of the proposed recovery plan in Pennsylvania's capital.

Rep. Glen Grell urges an overhaul of Pennsylvania's two statewide pension systems whose combined liability exceeds $45 billion that includes $9 billion of pension obligation bonds.

The disclosure that Harrisburg, Pa., must repay bond insurer Ambac about $30 million of additional interest "more than confirms the need" for recovery-plan scrutiny, city Controller Dan Miller said.

Pennsylvania Treasurer Rob McCord, a Democrat, took aim at "Tom Corbett and his misguided agenda" in announcing his candidacy for governor.

Pennsylvania lawmakers, citing Harrisburg's struggles, have rekindled an effort to ban municipalities from engaging in interest-rate swap transactions.

The Commonwealth Court of Pennsylvania on Thursday approved Harrisburg's financial recovery plan. Receiver William Lynch's team wants to price bonds related to the deal while market conditions are still favorable.

Harrisburg's outgoing mayor, Linda Thompson, implored her successor stay out of the bond market, even as Pennsylvania's capital begins to regain credibility in the capital markets.

Harrisburg, Pa., state-appointed receiver William Lynch is scheduled to present his financial recovery plan to the Commonwealth Court of Pennsylvania on Thursday.

The Please Touch Museum of Philadelphia defaulted on almost $59 million in bonds. The children's museum says it needs a workout.

Harrisburg, Pa., receiver William Lynch and his team found politics and people more challenging than the daunting numbers when they developed a recovery plan to keep the city out of bankruptcy.

The proposed financial recovery plan for Harrisburg, Pa., lets major creditors off the hook, city Controller Dan Miller said in a letter to the City Council.

Steven Heuer will start Monday as Pennsylvania’s director of the bureau of revenue capital and debt, the office of budget Secretary Charles Zogby announced.

To no one’s surprise, Harrisburg will skip its fourth straight general obligation bond payment, receiver William Lynch announced.