Northeast

A generous settlement with Long Island Rail Road unions could divert critical pay-as-you-go funds from critical MTA capital needs, Moody's said.

Rhode Island Gov. Lincoln Chafee nominated policy director Steve Hartford for director of administration to replace Richard Licht, who will become a judge.

Triple-A rated Maryland later this month will sell about $900 million of general obligation bonds, including up to $100 million of them during its first retail order period since August 2012. The retail period will be held on July 18 and 21.

Gov. Tom Corbett deleted $72.5 million from lawmakers’ spending plan in a line-item veto while signing Pennsylvania's $29.1 billion budget and repeating his call for pension overhaul.

The chairman of New York's Metropolitan Transportation Authority got the message he expected in Washington: Congress will not step in should LIRR workers strike.

New York MTA Chairman Thomas Prendergast plans to visit congressional leaders in Washington after talks with Long Island Rail Road unions settled nothing.

Lead Harrisburg plan attorney Mark Kaufman and his firm, McKenna Long & Aldridge, received an award for its financial restructuring of Pennsylvania's capital.

The New York City Transitional Finance Authority intends to sell $1 billion in future tax-secured subordinate bonds in July.

Connecticut Gov. Dannel Malloy on July 7 announced a $19.2 million package of state funding for six development and improvement projects in downtown Waterbury, as well as funding to redesign the signal system for Metro-North Railroad’s Waterbury commuter branch.

Rhode Island will hold another referendum in November asking voters if they want to expand gambling at the Newport Grand casino.