Northeast

Atlantic City would avoid an immediate default and get more time to avert a state takeover under compromise legislation moving forward in the New Jersey legislature.

The New York State Thruway Authority should develop a better financial plan for replacing the 61-year old Tappan Zee Bridge, according to the State Comptroller’s Office.

Former Massachusetts assistant treasurer Colin MacNaught has launched tech company BondLink to help muni issuers manage debt management programs.

The budget problems of Connecticut, which received two downgrades Thursday, are also a problem for its three largest cities.

Mass. Gov. Charles Baker released a $4 billion capital plan for Fiscal Year 2017 that includes a $2.19 billion cap on general obligation bond issuance, a 3% increase over the previous fiscal year.

Rhode Island General Treasurer Seth Magaziner nominated Sylvia Maxfield to serve on the State Investment Commission and Dr. Laura Shawhughes to serve on the State Retirement Board.

It's time to cut the paperwork and expedite the planned Gateway Tunnel between New Jersey and Manhattan, argues a critic of the permitting process.

Standard & Poor's and Fitch Ratings both downgraded Connecticut's general obligation bonds to AA-minus from AA in advance of the state's $511 million sale.

The Town of Ramapo, N.Y. took a two-notch downgrade Wednesday from Moody’s Investors Service, which cut it to A3 citing “increased risk” from federal charges that have resulted in a near-term management disruption.

The retail development lure could help Gov. Andrew Cuomo push the New York Penn Station project in a region noted for megaproject delays and fractious governance.