Pennsylvania

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.

A P3 involving Harrisburg’s parking assets would provide back-end revenue and avoid a Chicago-type fiasco in Pennsylvania’s capital, a receivership official said.

Allentown Mayor Ed Pawlowski plans to run for Pennsylvania governor, saying Tom Corbett's administration has "damaged" the commonwealth.

The Lancaster County Solid Waste Management Authority could issue bonds to pay for the purchase of the Harrisburg, Pa., incinerator as soon as early November, chief executive James Warner said.

When Pennsylvania's legislature reconvenes in two weeks charter schools could provide another flashpoint.

A thumbs-up from Standard & Poor's validates the Lehigh County Authority's concession agreement with Allentown, Pa., said executive director Aurel Arndt.

Standard & Poor's placed its A rating for Chester, Pa.'s general obligation debt on credit watch with negative implications.

Fitch Ratings is evaluating Pennsylvania Auditor General Eugene DePasquale's findings of "significant noncompliance" by Chester Community Charter School.

Revenue bondholders would emerge unscathed under the proposed Harrisburg, Pa., financial recovery plan, Moody's Investors Service said Friday.

Lancaster County expects to pay $131 million for the Harrisburg, Pa., incinerator under a key component of the city's recovery plan, according to documents.

Distressed Harrisburg, Pa., reached an agreement in principle to transfer operations of the water and sewer system to the Harrisburg Authority public works agency.