Northeast

Huge challenges remain for New York City as uncertainty hovers over labor settlements and the lingering costs of Sandy, said the city's Independent Budget Office.

Women in Public Finance will honor three professionals next month in Chicago at the national organization's 7th annual founders' awards.

Gov. Dannel Malloy signed a deficit-mitigation bill that Connecticut's legislature passed in a special session last week to help plug a $365 million hole.

Standard & Poor's lowered its rating on $700 million of Queens Ballpark bonds, used to build the New York Mets' Citi Field, one notch to BB partly because of concerns the team will continue to lose.

Highmark, Inc. and state lawmakers are pushing the Pennsylvania Insurance Department to step up its review of the West Penn Allegheny Health System affiliation, but the agency wants more details.

New York City and two of its financing authorities have announced the selection of underwriting syndicates, following a request-for-proposals process.

Providence's agreement with police unions for pension benefit reductions is a credit positive for Rhode Island's struggling capital city, according to Moody's.

Joe Lhota's departure as New York MTA chairman creates uncertainty at one of the largest issuers in the municipal marketplace as it confronts problems that include high turnover in its top job.

Dauphin County, Pa., expects to make a $1.5 million bond debt payment for Harrisburg University for the second straight year.

Moody's Investors Service downgraded the general obligation bond rating of East Pennsboro Township two notches to Baa2 from A3.