Northeast

A half-fare subsidy for lower-income persons would further strain New York City’s budget, transportation Commissioner Polly Trottenberg told a City Council panel.

New Jersey Gov. Chris Christie signed legislation Monday allocating $400 million from the state's Transportation Trust Fund for immediate road, bridge and transit projects in the current fiscal year.

Rising pension liabilities landed New Jersey its second downgrade in less than four months Monday, with Moody’s Investors Service dropping the state’s general obligation bonds one notch to A3.

The New Jersey Turnpike Authority is likely to face spread penalties for its $525 million revenue bond deal this week, but strong demand is still expected despite the state's credit woes.

Geisinger Health System needs approvals from 14 Pennsylvania counties and one New Jersey county to issue up to $850 million in bonds for projects throughout the system.

New Jersey lawmakers approved legislation to spin off management of the Police and Firemen’s Retirement System from the state’s struggling $71 billion pension fund.

The specter of massive cuts in federal domestic aid could force New York City officials to think outside the box about how save programs now financed by the feds.

President Trump's healthcare bill would blow a hole in Rhode Island's budget and leave many state residents uninsured, said Gov. Gina Raimondo.

President Trump’s proposed Fiscal Year 2018 budget would cause a major setback to plans for a long-stalled Gateway rail project connecting New Jersey and Manhattan, lawmakers and transportation advocates warned.

The 12-month investment gains of Rhode Island's pension fund topped $1 billion, state General Treasurer Seth Magaziner announced.