Northeast

Local government spending in New York State on roads, bridges, and water and sewer systems declined by approximately 8% to 2012 from 2010.

In Rhode Island, state Treasurer Gina Raimondo and Cranston Mayor Allan Fung will face off for governor after winning primaries on a day that also featured primaries in Massachusetts and New York.

The Massachusetts Housing Partnership, which received a AA-minus rating from S&P, expects to sign a new funding agreement with Fannie Mae this week.

Standard & Poor's downgraded New Jersey's general obligation rating to A from A-plus on Wednesday.

New Jersey Gov. Chris Christie's proposal to allow gambling on sports at casinos and racetracks is unlikely to help the struggling Atlantic City government, analysts said.

State Farm agreed to a three-year sponsorship deal with Pennsylvania in the first agreement under the P3 law Gov. Tom Corbett signed in 2012.

Oppenheimer is set to return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.

Pension obligations are no different than borrowing obligations, public finance expert Richard Ravitch told a group of investors in New York.

Pennsylvania opting in to Medicaid expansion is a credit positive for hospitals in the state, according to Wells Fargo Securities.

Robert Thompson of New York City Transit and Joan Nyron of the Pratt Center for Community Development will discuss bus rapid transit at the New York Transit Museum on Sept. 10.