Northeast

The Government Finance Officers Association of the United States and Canada has honored Connecticut's Treasury Department for excellence in financial reporting

Moody's downgrade of Pennsylvania could precede more bond rating action against Pennsylvania as unfunded pension liability hovers over the commonwealth.

A special commission brainstormed about the long-term prospects for New York's Metropolitan Transportation Authority, one of the largest municipal issuers. The authority is in need of modern thinking about how to finance and provide its services, many members said.

The Amsterdam at Harborside plans to file for bankruptcy tonight or tomorrow, the conclusion of over a year of restructuring negotiations with bondholders. The plan does not forgive any debt, but does feature a senior and subordinate exchange offer.

The Amsterdam at Harborside bond trustee accidentally posted the retirement community's restructuring plan to EMMA this morning, only to promptly remove it and replace it with a blank PDF.

The Massachusetts Development Finance Agency has received a $3.9 million federal grant under the credit enhancement for charter schools facilities program.

Shortly after the sighs of relief that followed the Long Island Railroad labor contract announcement, skeptics questioned how it will be paid for without fare hikes or cutting into Metropolitan Transportation Authority capital funding.

New York Gov. Andrew Cuomo and negotiators announced a deal to avert a Long Island Rail Road strike that loomed three days away.

An audit by New York City Comptroller Scott Stringer lambastes the Department of Homeless Services for its handling of post -Sandy emergencies.

The Connecticut Bond Commission is set to approve $2.75 million for the new Barnum train station in East Bridgeport, said Gov. Dannel Malloy.