Northeast

An $800 million bond sale to finance New Jersey's American Dream retail development could provide fuel for critics of the municipal bond tax exemption, according to Municipal Market Analytics.

Moody's upgrades Pennsylvania's school district pre-default enhancement program to A2 from Baa1, citing a new state law.

Political gridlock has stymied attempts to overhaul pensions across the nation, most notably in the two lowest-rated states, New Jersey and Illinois.

The Long Island Power Authority received its first credit upgrade in 11 years as Moody's Investors Service raised its bonds one notch.

A two-month campaign to sell Atlantic City's former airport property to help pay down the city's massive debt burden yielded two bids that came in at a third of the minimum asking price.

Brooklyn Nets owner Mikhail Prokhorov intends to refinance debt for the Barclays Center arena through a $482 million offering by the Brooklyn Area Local Development Corp.

The Rhode Island Infrastructure Bank is providing $17.2 million in financing to six communities, Gov. Gina Raimondo and General Treasurer Seth Magaziner announced.

A revitalization project in Camden N.J. is getting a federal boost as the city continues to rebound from fiscal challenges.

The $73 million bridge loan agreement between Atlantic City and New Jersey is a credit positive for the financially strapped gambling hub since it likely ensures full bondholder payments for the remainder of 2016, according to Moody's Investors Service.

Massachusetts Gov. Charlie Baker vetoed a pilot program to test a vehicle-miles-traveled road fee system.