Northeast

The Upper Mohawk Valley Regional Water Finance Authority's settlement with New York Canal Corp. is a credit positive, Moody's Investors Service said

New York's State Department of Health made $32.9 million in Medicaid overpayments during a five-year period, according to audits released by Comptroller Thomas DiNapoli.

Jay Walder, the chief executive of Kong Kong's MTR Corp. and former chairman of New York's Metropolitan Transportation Authority, signed a 25-year public-private partnership with Hangzhou, China, to build a subway line.

Ridership on Port Authority Trans-Hudson, or PATH trains, is on pace to set a record for the second consecutive year.

Nearly broke and seemingly shut off from the capital markets, Scranton has asked its pension board to meet current-year obligations for payroll and debt service.

Rhode Island's Investment Commission on Wednesday chose BNY Mellon as its custodian bank for the state's assets of roughly $8 billion, General Treasurer Gina Raimondo announced.

The Dormitory Authority of the State of New York board approved $1.1 billion of financings for higher education and health care institutions, including a $940 million personal income tax revenue bond program.

New York's Metropolitan Transportation Authority introduced a financial plan on Wednesday that projected a $46 million cash surplus rolled into each of the next two years, but also deficits from 2014 to 2016 that range from $14 million to $231 million.

According to the report, the city absorbed $264 million of incinerator bond debt that year.

Officials involved with the new Tappan Zee Bridge project promised openness and transparency but still did not have a plan of financing for project costs.