Northeast

Gov. Tom Corbett awarded Britain's Camelot a $35 billion, 20-year Pennsylvania lottery privatization contract, subject to state attorney general approval and a court challenge.

While calling an $11.4 million general fund shortfall in Providence, R.I., a credit negative, Moody's praised officials for whittling down a $110 million gap.

Moody's says the West Penn Allegheny debt restructuring features "close parallels" to the bankruptcy of the teetering health system's predecessor 15 years ago.

The New Jersey Economic Development Authority will sell more than $2.2 billion in bonds and notes Wednesday.

New York public health system Nassau Health Care Corp. captured an interest rate of 0.4% and saw broad investor interest Tuesday when it sold $40 million of insured revenue anticipation notes backed by future Medicaid payments.

Rhode Island Gov. Lincoln Chafee's proposed $8.2 billion budget includes a corporate tax cut and a $20 million local package to help distressed communities.

Gov. Deval Patrick proposed raising income taxes in Massachusetts, while lowering the sales tax and dedicating sales tax proceeds to a lockbox public works fund.

On Wednesday the Dormitory Authority of the State of New York approved a $155 million bond for Pace University.

The House late Tuesday approved more than $50 billion of aid for victims of Superstorm Sandy, which ravaged parts of New Jersey, New York, Connecticut and other states.

Officials from Highmark and West Penn Allegheny Health System announced an agreement with West Penn bondholders to accept a haircut on their holdings, avoiding a potential bankruptcy and allowing an affiliation agreement to proceed.