Northeast

The company that operates parking garages at Yankee Stadium and is staring at about $240 million of debt has hired bankruptcy counsel, according to a regulatory filing.

Although New York City's budget is balanced for now, significant financial risks lie ahead, according to a report by state Comptroller Thomas DiNapoli.

Fewer governors have been focusing on pension reform in their state of the state addresses this year, but most who propose reform follow through, according to Loop Capital Markets.

A Rhode Island judge removed a major hurdle to pension overhaul in Providence by calling a deal with police and fire retirees "fair, adequate and reasonable."

To no surprise in the bond markets, teetering Harrisburg, Pa., will miss $5.2 million worth of payments on general obligation bonds and notes due March 15.

New York's Empire State Development Corp. is selling $827.5 million in highly rated bonds Wednesday.

The finance committee of New York's MTA approved up to $1.7 billion of transportation revenue bonds and Triborough Bridge bonds for capital projects.

The state-appointed budget commission that oversees finances in East Providence, R.I., will conclude its work this month because the city's financial condition is better.

Pennsylvania Education Secretary Ron Tomalis expects to act by Tuesday on a request to delay a financial recovery proposal for Harrisburg's school district.

Massachusetts Gov. Deval Patrick's far-reaching transportation funding overhaul proposal would restructure the state tax system in an effort to add new transit service and bring older systems up to date.