Northeast

Officials from the New York Metropolitan Transportation Authority testified about the agency’s recently released subway action plan at a hearing Tuesday before the New York City Council’s transportation committee.

Chapman and Cutler LLP expanded its municipal and structured finance practices by hiring a 10 lawyer team.

The rating boost from Moody’s Investors Service came ahead of a $250 million bond sale.

The Norwich City Council voted unanimously Monday to send an ordinance appropriating $5 million in bond money for infrastructure improvements to referendum.

The City Council voted unanimously to allow city officials to bond out as much as $3 million more to pay for cost overruns of what is now Portsmouth's $26.2 million second municipal parking garage.

The subway crisis could change the political landscape, New York's mayor says.

The New York mayor and his supporters must shepherd the bill through Albany.

Moody's Investors Service has upgraded to Aa2 from Aa3 the long-term joint support letter of credit (LOC)-backed ratings of the City of Philadelphia, Pennsylvania Gas Works (PGW) Revenue Refunding Bonds.

Philadelphia’s sin and sweet taxes yielded Pennsylvania’s largest city more than $500 million in revenue over the last five years, according to a new economic report.

WILKES-BARRE, Pa. -- The city ended 2016 with a deficit, affirming Mayor Tony George's warning that the $51.5 million general fund budget he inherited upon taking office last year would not balance.