Northeast

New Yorkers could face an extra $43 billion in taxes if Congress fails to act on the fiscal cliff, according to Comptroller Thomas DiNapoli.

Nassau County is planning to sell $260 million of tax anticipation notes for cash flow purposes on Thursday. A portion of the proceeds will go toward financing storm-related costs.

While Connecticut's budget deficit estimates soar, state officials are prepared to tap a line of credit of up to $550 million to fund operations, if needed.

The Dormitory Authority of the State of New York's board on Wednesday approved $175 million of new financings for healthcare, higher education, and non-profit institutions.

Standard & Poor's lowered West Penn Allegheny to CC from B-minus in the beleaguered health system's third downgrade from a major rating agency in two months.

The need for New York's MTA to borrow up to $4.8 billion using short-term recovery notes for Hurricane Sandy costs is a credit negative, according to Moody's.

The Port Authority of New York and New Jersey is scheduled to sell $595 million of consolidated bonds in two series on Wednesday. Proceeds will finance capital expenditures for the authority's tunnels, bridges, and PATH train.

Massachusetts will to price $381 million of general obligation bonds on Wednesday, including $231 million of SIFMA index refunding bonds and $150 million of new-money bonds.

Moody’s Investors Service revised the outlook on Baa1-rated Fletcher Allen Health Care to positive from stable, affecting $330 million of outstanding debt.

Alan Kennedy-Shaffer won his battle with Gov. Tom Corbett’s administration to continue leading community group Harrisburg Hope while working as a state attorney.