Rhode Island

Rhode Island’s fiscal 2018 budget is in no-man’s land amid a dispute between the Senate and House.

Questions are swirling around who would "backstop" $71 million worth of bonds that the city of Pawtucket, the state of Rhode Island and the Pawtucket Red Sox would sell to finance a new baseball stadium in Pawtucket.

Central Falls Mayor Jim Diossa trumpets his formerly bankrupt city's rise to investment-grade status, and compares the tiny Rhode Island city with other distressed issuers including Detroit, Puerto Rico and Illinois. Hosted by Paul Burton.

Rhode Island Gov. Gina Raimondo said Monday that she supports new legislation to be introduced Tuesday about how the state, city and Pawtucket Red Sox would finance a new baseball stadium because it addresses her concerns about whether Pawtucket would backstop its financial commitment if anticipated revenues fall short.

The Rhode Island House will debate a $9.2 billion fiscal 2018 state budget.

While some firms in the municipal bond industry are merging, contracting or just plain closing, Tribal Capital Markets is doing exactly the opposite – it’s expanding into new spaces and hiring talented muni professionals with the backing of the Morongo Band of Mission Indians.

A Rhode Island judge denied a petition to release grand jury documents in the 38 Studios case.

Pawtucket Red Sox Chairman Larry Lucchino and Pawtucket Mayor Donald Grebien say they've built the framework of an agreement for financing an $83-million baseball stadium at the Apex department store site -- the details of which they're giving to Gov. Gina Raimondo and General Assembly leadership Tuesday.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.

Rhode Island released its first debt affordability report since 1999.