Northeast

New Jersey Gov. Chris Christie ordered the creation of a New Jersey Pension and Health Benefit Study Commission today.

Moody's Investors Service has downgraded $1.2 billion in New Jersey Housing & Mortgage Finance Agency bonds.

An unfavorable federal ruling on high quality liquid asset status for municipal bonds would sharply curb bank appetite for munis, said economist George Friedlander.

A rating boost affirms the ability of bond insurer Assured Guaranty to minimize its Puerto Rico exposure, according managing director John Hallacy.

Escalating unfunded pension liability and bond-rating backlash will lurk as Pennsylvania's House of Representatives is set to reconvene at 1 p.m. Monday.

Risk costs vary by level of bankruptcy restrictions states place on localities, an insolvency expert said at a Bond Buyer conference in Boston.

New York State tax collections in the first quarter of the fiscal year were 7.7% ahead of projections.

Moody's Investors Service enhanced the ratings of 98 New York school districts to Aa3 from A1 with stable outlooks, following rating upgrades for the state's general obligation bonds.

The pension lawsuit against New Jersey Gov. Chris Christie over lack of payments to the state's pension system has been rebooted.

Maryland asks four consortiums for proposals to build and finance $2.4 billion Purple Line commuter rail project.