Pennsylvania

Struggling with $350 million of unpaid debt, Harrisburg, Pa., is selling a collection of memorabilia to raise cash.

Teetering Harrisburg, Pa., will sell artifacts in a Guernsey's-run auction that ex-Mayor Stephen Reed had bought in a failed attempt to start a Wild West museum.

Although Pennsylvania lawmakers scrambled to pass a budget on time, Gov. Tom Corbett's major initiatives – pensions, transportation and liquor – all stalled.

Pennsylvania Turnpike Commission CEO Mark Compton named three persons to a committee to review contracting practices in the aftermath of a pay-to-play scandal.

David Unkovic, the former state-appointed receiver for Harrisburg, Pa., has joined the public finance group of law firm McNees Wallace & Nurick.

Gov. Tom Corbett signed Pennsylvania's $28.4 billion budget, but liquor privatization, a transportation bill and pension overhaul remain on hold.

Pennsylvania's legislature is bracing for Saturday and Sunday sessions as a deadline to act on Gov. Tom Corbett's $28.4 billion proposed budget looms.

Pittsburgh belted an unusual triple when Standard & Poor's raised its long-term rating on the city's general obligation bonds by three notches, to A from BBB.

Standard & Poor's downgraded Temple University Health System's debt to the speculative grade BB-plus from the investment grade BBB-minus on Thursday.

Philadelphia passed a 5% larger budget for fiscal 2014 than its fiscal 2013 budget.

A retirement panel reviewed a pension overhaul bill as Pennsylvania lawmakers juggled the budget, transportation funding and liquor privatization.

Another candidate has entered the race for mayor in financially teetering Harrisburg, Pa. Air Force veteran Nate Curtis, 25, will run as an independent against Democratic nominee Eric Papenfuse, fellow independent Nevin Mindlin, and possibly city Controller Dan Miller on the Republican side.

Pennsylvania's Senate Finance Committee in a 6-5 vote on Wednesday moved a pension-change bill considerably weaker than what Gov. Tom Corbett proposed.

Moody's Investors Service has dropped York, Pa.'s general obligation debt to Ba1 from Baa3.

Continuing financial obligations will make Pennsylvania Turnpike debt unsustainable and tolls crushing for motorists and businesses, according to the state's auditor general.

The University of Pittsburgh Medical Center accused Pittsburgh Mayor Luke Ravenstahl of suing it over its nonprofit status to cover a scandal in his administration, according to a court filing.

Pennsylvania's $28.3 billion budget is en route to the Senate with three weeks left in the session after the House passed it in a party-line 108-92 vote.

To gain a balanced budget in the coming fiscal year, the Philadelphia School District is planning to lay off about 20% of its workforce.

Pennsylvania is probably in store for a downgrade from the rating agencies should it not overhaul its retirement system this session, its budget secretary said.

Harrisburg's receiver warned that a summary judgment ruling for incinerator creditor Covanta could push Pennsylvania's capital city to file for bankruptcy.