Northeast

A big increase in New Jersey's gasoline tax would restart work on $3.5 billion of stalled road projects, Gov. Chris Christie said.

Bard College in New York's Dutchess County was moved further into junk territory Wednesday after Moody's Investors Service downgraded the school's revenue bonds one notch to B1 with a negative outlook citing increased debt levels.

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.