Northeast

The Connecticut Housing Finance Authority's oversubscribed sale of tax-exempt bonds generated more than $400 million in orders on one day, officials said.

Vermont Gov. Peter Shumlin reached a deal Wednesday to cut about 2% from expenditures in the current budget.

Pennsylvania's Transportation Commission will submit an updated 12-year, $63.2 billion transportation program to federal officials, said Gov. Tom Corbett.

New York City's economy grew more than 3% in the second quarter because of job growth and higher personal income, said city Comptroller Scott Stringer.

Traders thought the New York City deal was all too predictable, assuming heavy retail and muted institutional interest in the headline deal that concluded its pricing on Wednesday.

Connecticut's two largest pension funds each posted net investment returns of nearly 16% for the fiscal year ended June 30, state Treasurer Denise Nappier said.

Tom Foley won the Republican primary for Connecticut governor, setting up a rematch with incumbent Democrat Dannel Malloy.

Bridgeport, Conn., buoyed by an improved outlook from Moody's, plans to sell $75 million of GO bonds.

How NYPD and Health and Hospitals Corp. manage claim costs can enlighten other New York City agencies, the Citizens Budget Commission watchdog organization said.

John Burnett, who lost the general election for New York City comptroller last year, joined the New York Republican State Committee as a strategic advisor.