Northeast

Connecticut will receive $36 million of a $1.4 billion multistate settlement with Standard & Poor's over allegations that S&P misled investors, state officials announced.

The New York City Housing Development Corp., a key financial engine to Mayor Bill de Blasio's affordable housing plan, again tops a list of multifamily bond issuers.

Atlantic City, N.J.'s ability to refinance its maturing $12.8 million bond anticipation notes through an expensive short-term loan demonstrates "limited market access", according to Moody's Investors Service.

Gov. Charlie Baker spelled out $514 million in spending cuts to help Massachusetts seal a $768 million budget gap for fiscal 2015.

The New York City Municipal Water Finance Authority intends to sell $475 million of second resolution refunding bonds on Feb 19 after a retail order period, say officials.

New York City will invest $200 million in affordable housing, new infrastructure and job creation initiatives in the southwest Bronx, Mayor Bill de Blasio said in his annual State of the City address.

Seth Magaziner is settling into his new role as Rhode Island treasurer, saying he is ready to tackle many financial challenges facing the Ocean State.

A rebound in most New York county sales tax collections for the second half of 2014 is a credit positive, according to Moody's Investors Service.

In the face of widespread community opposition, Nassau Regional Off-Track Betting has withdrawn plans for a mini casino in Westbury, N.Y., and is now looking for a new Nassau County location to construct the facility.

As if bond rating downgrades, a $50 billion unfunded pension liability and teetering school districts weren’t enough, Pennsylvania must wrestle with more political scandal as its treasurer resigns to plead guilty after a federal investigation.