Northeast

New York City will hold to a prudent financial course while maintaining a progressive social program, Mayor Bill de Blasio told municipal bond market participants on Tuesday.

A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.

The speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.

While the Yankees' and Mets' ballparks received upgrades of late, Yankee Stadium is a stronger credit than Citi Field, said Moody's.

Bond rating agencies, muni analysts and even constitutional experts are watching Pennsylvania after the governor let an unbalanced budget take effect without his signature.

Cincinnati, Ohio-based Dinsmore & Shohl LLP has hired Michael Jackson to expand its public finance practice in Philadelphia, Pennsylvania.

A proposal to place Oyster Bay, N.Y. under state oversight is “premature” according to Town Supervisor John Venditto, who said he has a plan to steer the junk-rated municipality on the right course.

Gov. Tom Wolf said he would let Pennsylvania's $31.5 billion budget become law without his signature if lawmakers cannot agree on how to plug a $1.3 billion hole.

The Town of Oyster Bay, N.Y. should fall under state oversight, says a state assemblyman who introduced legislation to do so.

Brexit, the United Kingdom’s referendum vote to leave the European Union, may complicate the fiscal strife facing many Northeast states by adding another variable to problems that were already present.