Northeast

The Treasury and IRS have sent two separate letters to Sens. Lautenberg and Nelson regarding concerns over available financing for housing damaged by Hurricane Sandy and tax guidance on political subdivisions that would affect community development districts in Florida.

New York City Comptroller John Liu launched Checkbook NYC 2.0, a website that he said opens the door into how the city spends its $70 billion annual budget.

Gov. Andrew Cuomo's proposed $142.6 billion budget for 2013-14 included some plusses for New York City and the Metropolitan Transportation Authority.

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

In his proposal of a budget Tuesday, New York Gov. Andrew Cuomo proposed a route for localities to lower pension costs.

Fitch Ratings downgraded Maine's general obligation bonds to AA from AA-plus Tuesday evening.

The Port Authority of New York and New Jersey is selling $350 million of bonds subject to the Alternative Minimum Tax Wednesday.

Allentown, Pa., officials have narrowed their short list for a 50-year concession P3 lease agreement for its water and sewer systems to six companies.

SUNY Downstate Medical Center in Brooklyn faces insolvency as soon as May, said New York Comptroller Thomas DiNapoli.

The tax-exempt status of $8.5 million of bonds issued by the Delaware River Port Authority in 2003 for the LEAP Academy University Charter School, Inc., could be in jeopardy because the Internal Revenue Service revoked the charter school's tax-exempt status.