Northeast

New York City's out-year budget gaps are manageable under current economic conditions, state Comptroller Thomas DiNapoli told the Financial Control Board.

New York City Comptroller Scott Stringer and city pension fund trustees announce a $500 million expansion of a private equity emerging manager program.

The Providence, R.I., firefighters union, at odds with Mayor Jorge Elorza over a department reorganization, wants a court to vacate its 2013 pension settlement.

Standard & Poor's slashed Atlantic City's general obligation credit rating three notches further into junk territory on Aug. 3 citing uncertainty over whether the financially-challenged city can meet its fiscal obligations this year.

Philadelphia-based Public Financial Management, the country's largest municipal advisory firm, said it has acquired Stauder, Barch & Associates, Michigan's oldest FA firm.

President Obama appointed Beverly Scott, former general manager of the Massachusetts Bay Transportation Authority, to the National Transportation Safety Board.

Port Authority of New York and New Jersey Chairman John Degnan says federal backing is needed in order to advance a stalled Hudson River tunnel project from Amtrak that is being pushed by U.S. Transportation Secretary Anthony Foxx.

As the Long Island Power Authority seeks to lower its debt costs, a never-opened nuclear power plant built by the utility's predecessor in the 1980s remains an albatross.

Connecticut bond panel approval of $546 million in GO bonds, including a block of Gov. Dannel Malloy’s priority transportation, raises questions about debt load.

New Jersey Senate President Michael Sweeney called on the federal government to provide $1 trillion of low-interest loans for states with large unfunded pension liabilities.