Northeast

The full board of New York's Metropolitan Transportation Authority approved an additional $66 million to accelerate construction of the long-delayed Second Avenue subway line.

Rhode Island Gov. Gina Raimondo named Providence Equity Partners executive Robert S. Hull to lead the Department of Revenue, pending state Senate approval.

Hunton & Williams LLP has hired David Horner as a partner to work in the firm's infrastructure public-private partnerships practice.

A $34.8 billion 2017 fiscal budget proposed by New Jersey Gov. Chris Christie will weaken the state's credit position and increase the chances of future bond downgrades if enacted, according to Municipal Market Analytics.

The Massachusetts Bay Transportation Authority paid out an estimated $236 million in net swap interest the past 15 years, said a Pioneer Institute report.

Atlantic City officials are not on board with a proposed state intervention plan pending in the New Jersey Legislature.

New York's MTA will continue to sell transportation revenue bonds with a green label as long as investor demand warrants, a finance official said.

Activist Barry Shutt, looking for a wakeup call, intends to display his new Pennsylvania pension debt clock at the state capitol complex in Harrisburg.

Moody's downgrades three struggling Pennsylvania school districts and withdraws their enhanced ratings based on pre-default intercept programs.

Issuers in the Northeast sold $102.9 billion of municipal bonds in 2015, almost 9% above the previous year's volume.