Northeast

Atlantic City will default unless reaches agreement with the New Jersey state government on a bridge loan, according to Moody's Investors Service.

New York MTA expects to save roughly $152 million in interest from its planned $1 billion sale of Hudson Yards lease securitization bonds, said CFO Robert Foran.

The New Jersey State Senate is pressing ahead with a new gas tax bill to replenish the state's Transportation Trust Fund despite opposition from Gov. Chris Christie.

The Rhode Island Health and Educational Building Corp. reported saving $13.4 million in its $86.4 million bond refunding for public schools.

Federal corruption charges against a former state treasurer did not motivate a probe of Pennsylvania's two public pension systems, said state Auditor Eugene DePasquale.

New York's property tax levy cap will be below 1% in 2017, and that is a credit negative for local governments throughout the state that are hampered by an ability to raise revenue, according to Moody's.

Pennsylvania Auditor Eugene DePasquale plans to investigate the state's two largest pension systems, saying he wants to ensure that both systems are operating as efficiently and transparently as possible.

New York MTA intends to close the Canarsie Tunnel between Brooklyn and Manhattan for 18 months beginning in 2019 to repair Hurricane Sandy damage.

The Vermont State College (VSC) Board of Trustees approved a concept Thursday proposed by Chancellor Jeb Spaulding that would unify Johnson State College and Lyndon State College under one administration

New Jersey legislative leaders are pitching a new proposal to revive the expired Transportation Trust Fund for statewide road and rail projects.