Northeast

Moody's Investors Service revised its outlook for Doylestown Hospital, Pa. to stable from negative while affirming its Baa2 long-term rating.

The State Budget Crisis Task Force recommended New Jersey improve its budget process.

A three-judge panel in Lackawanna County rejected Scranton, Pa.'s request to impose a 1% commuter tax, saying the distressed city wasn't persuasive enough.

New York City Comptroller John Liu called for an end to property-tax breaks and other concessions to large corporations, including Madison Square Garden.

In the aftermath of Hurricane Sandy, Moody's Investors Service has turned negative on an array of coastal New Jersey communities and one authority.

Joseph Lhota announced his resignation as Metropolitan Transportation Authority chairman and said he would consider running for New York City mayor.

Holders of bankrupt American Airlines' New York City airport debt are weighing a settlement offer that would pave the way for the carrier to assume its lease at John F. Kennedy International Airport.

New York State government must change its financial practices, the Richard Ravitch and Paul Volcker state budget task force said.

The finance committee of New York's MTA approved the borrowing of up to $2.5 billion in long-term bonds to cover Hurricane Sandy-related repair costs.

Rhode Island General Treasurer Gina Raimondo announced the hiring of Anne-Marie Fink as the state's chief investment officer and deputy treasurer of finance.