Northeast

A New Jersey proposal to allow its Transportation Trust Fund to sell bonds directly to its underfunded pension system would worsen credit conditions, according to Municipal Market Analytics.

The MBTA's oversight board approved up to $277 million for 120 additional subway cars for its beleaguered Red Line in Greater Boston.

New York MTA intends to sell $1.3 billion of bonds in January including a $100 million remarketing, said finance manager Patrick McCoy.

A new $7.3 billion 2017 spending plan by the Port Authority of New York and New Jersey maintains debt service levels while also investing in major capital projects.

Facing pressure from Gov. Andrew Cuomo, officials from New York’s Metropolitan Transportation Authority are targeting an opening of the long-delayed Second Avenue subway line by the end of the month.

New Jersey lawmakers are pitching a proposal to allow the state’s Transportation Trust Fund to sell bonds directly to its $73 billion pension system.

A bill to allow online lottery gambling in Massachusetts has better odds of passing next year, said state Treasurer Deborah Goldberg.

Deficit-plagued Connecticut is being asked for $250 million to fix up Hartford’s money-losing, four-decade old downtown arena.

Debt-ridden Dowling College has filed for Chapter 11 bankruptcy with two of its Long Island properties now on the market in an effort to aide bondholders.

Fixes for aging infrastructure are essential for the Massachusetts economy, Gov. Charlie Baker told investors in Boston.