Northeast

Widener University School of Law's Harrisburg, Pa., campus has scheduled a daylong conference on municipal financial distress for April.

Pittsburgh Mayor Bill Peduto inherits a city on the upswing, but wants it to remain under state oversight while he works out a long-term financial plan.

Allentown Mayor Ed Pawlowski withdrew from the Pennsylvania governor's race and backed state treasurer and fellow Democrat Rob McCord.

Gov. Tom Corbett on Tuesday proposed a $29.4 billion budget for Pennsylvania that included a renewed call to tweak the pension system for state employees.

The Port Authority of New York and New Jersey, the agency at the heart of the scandal threatening Governor Chris Christie's political future, proposed a $27.6 billion 10-year capital plan to pay for projects including a new central terminal at LaGuardia Airport.

Contingent liabilities for nonessential, noncore enterprises pose huge credit risk for some local governments, Moody's said in a report that cited Harrisburg.

Moody's Investors Service upgraded North Providence, R.I.'s general obligation bond rating to A3 from Baa1, affecting $25.4 million in debt.

New Mayor Bill Peduto wants Pittsburgh to firm up a long-term program of payments in lieu of taxes with the many nonprofit organizations while staying in Pennsylvania's Act 47 program for cities in fiscal distress.

Harrisburg, Pa., officials seek $2 million in the municipal budget to issue tax and revenue anticipation notes, which would mark a return to the debt markets.

Connecticut's two largest pension funds generated investment returns exceeding 14% in 2013, Treasurer Denise Nappier announced.