Northeast

New York City’s unemployment rate in January fell to 4.5% in January, the NYC Economic Development Corp. said, the lowest rate since 1976, when the New York State Department of Labor first started keeping track.

Infrastructure needs direct federal funding, not tax breaks for private investments, U.S. Sen. Charles Schumer said in New York.

The absence of a significant plan to combat New Jersey's deteriorating finances will lead to more rating downgrades and wider credit spreads, according to Janney Capital Markets.

New York City Independent Budget Office is asking the city to consider using everything from green taxis to red lights to deal with future budget shortfalls.

Central Falls, R.I., nearly five years after filing for Chapter 9 bankruptcy, has an investment-grade bond rating again.

Citywide Ferry Service has filled the first of 200 jobs for its soon-to-be-launched transportation service, New York City Mayor Bill de Blasio announced on Wednesday.

New York State Comptroller Thomas DiNapoli has identified nine villages across the state as having some level of fiscal stress, down from 18 a year ago.

State intervention and a settlement of outstanding casino tax refunds drove an S&P Global Ratings upgrade of Atlantic City’s to CCC, still deep in junk-bond territory.

More downgrades are in New Jersey’s future as its liabilities continue to mount, according to Municipal Market Analytics.

Pennsylvania should strongly consider regulating and taxing marijuana to shore up its budget problems, said state Auditor General Eugene DePasquale.