Pennsylvania

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.

If Pennsylvania does nothing about its $47 million-and-rising unfunded pension liability, an Illinois-sized shadow could loom over the Keystone State.

Pennsylvania's $28.3 billion budget is headed for floor debate in the House after its appropriations committee approved it by a party-line 21-14 vote.

Pittsburgh officials want Pennsylvania to remove the "distressed" tag and are tired of waiting for the Department of Community and Economic Development to act.

A state Senate panel began a series of public hearings throughout Pennsylvania on the future of its cities, large and small.

KidsPeace Children's Hospital of Schnecksville, Pa., looking to pare bond debt from $51.3 million to $24 million, filed a voluntary Chapter 11 bankruptcy petition.

Standard & Poor's revised its outlook to positive from stable and affirmed its AA long-term rating and AA/A-1-plus rating on University of Pittsburgh debt.

Fitch Ratings downgraded Temple University Health System to the speculative grade BB-plus from the investment grade BBB-minus on Tuesday afternoon.

Bookstore owner Eric Papenfuse defeated incumbent Linda Thompson and city controller Dan Miller in the Democratic primary in distressed Harrisburg, Pa.

Harrisburg, Pa., Mayor Linda Thompson must overcome bad poll numbers in her re-election bid as the capital city's woes provide a Democratic primary backdrop.

Standard & Poor's has lowered its rating of Columbia County, Pa., by two notches to A-minus from A-plus.

While current and former SEC officials say the agency could only do so much in its securities fraud case against Harrisburg, Pa., that didn't set well with critics.

The SEC's fraudulent-disclosure charge against Harrisburg, Pa., has larger implications for secondary market disclosures, legal experts assert.

Pennsylvania lawmakers introduced bills they say would enhance state oversight of municipal financing deals and prevent another Harrisburg-type fiasco.

Ohio Auditor David Yost warned local governments to tread carefully when talking about their financial conditions, calling this week's SEC charges against Harrisburg, Pa. a "watershed moment" for local politicians.