Pennsylvania

Rising bond interest rates further complicated an intricate Harrisburg, Pa., debt-reduction accord, said Mark Kaufman, receiver William Lynch's lead attorney.

The Harrisburg, Pa., City Council begins poring through receiver William Lynch's far-reaching recovery plan for Pennsylvania's capital.

Receiver William Lynch positioned Harrisburg, Pa. into the home stretch of its financial recovery effort by revealing a plan to rid the city of crippling debt.

Former Harrisburg, Pa., City Council attorney Mark Schwartz asked the IRS to halt the incinerator sale to Lancaster County, calling the deal "anti-competitive."

Receiver William Lynch's long-awaited debt recovery plan for Harrisburg looks as complex as the intricate deals that impoverished Pennsylvania’s capital city.

Pennsylvania Transportation Secretary Barry Schoch has increased weight limits on about 1,000 bridges statewide, citing the stalled transportation funding bill.

Allegheny County, Pa., intends to sell $196 million in general obligation bonds next week, although one banker called the refunding amount "a moving target."

Pennsylvania Auditor General Eugene DePasquale accused Chester Community Charter School of receiving nearly $1.3 million in improper lease reimbursements.

Old or forgotten money might be waiting for schools to claim at the Pennsylvania Treasury, state Treasurer Rob McCord said Tuesday.

Pennsylvania Attorney General Kathleen Kane plans to investigate incinerator bond financing deals that crippled capital city Harrisburg, her office confirmed.

Philadelphia will borrow $50 million on behalf of its teetering school district to ensure that chools will open on time, Mayor Michael Nutter said Thursday.

Standard & Poor's lowered the Pennsylvania Housing Finance Agency to AA-minus, citing more delinquencies, declining profitability and a weakened economic base.

Pennsylvania Gov. Tom Corbett, in his latest staff reshuffling, named former lawmaker Katie True of Lancaster County as secretary of legislative affairs.

The Municipal Securities Rulemaking Board is close to releasing a notice aimed at helping issuers avoid a "disclosure vacuum" similar to the one that brought federal enforcement actions down on Harrisburg, Pa. earlier this year.

Allentown, Pa., on Thursday closed its $211 million deal to lease its water and sewer system to the Lehigh County Authority and cover its unfunded pension liability.

The Pennsylvania Liquor Control Board, in a crossfire amid Gov. Tom Corbett's efforts to privatize the system, announced record revenue and net income for fiscal 2013.

Harrisburg, Pa., controller Dan Miller, who lost in the Democratic mayoral primary, will not run as a Republican for that office.

Harrisburg, Pa., receiver William Lynch denies that Detroit's bankruptcy filing had anything to do with creditors in Pennsylvania's capital moving toward a consensus.

Temple University is defending itself after Moody's Investors Service put its Aa3 rating on review for a downgrade last week.

Former Pennsylvania governor and 1964 Republican presidential candidate William Scranton died Sunday in Santa Barbara, Calif. He was 96.