Northeast

Moody's Investors Service has revised New Haven's outlook to negative as it prepares to sell $44.5 million of Series 2011B general obligation bonds on Wednesday.

Connecticut plans to eliminate 6,560 positions to fill a $1.6 billion budget gap and bring its two-year, $40.5 billion budget into balance, Gov. Dannel Malloy announced.

Gov. Lincoln Chafee has signed a bill requiring Rhode Island municipalities to guarantee that lenders get first rights to property taxes and general revenue, should the government entity file bankruptcy.

Gov. Andrew Cuomo on Wednesday vetoed a bill that would have allowed school districts in New York State to issue new debt to cover pension payments.

Harrisburg's City Council will hold a special legislative session at 6 p.m. Tuesday to accept or reject a proposed financial recovery plan for Pennsylvania's capital city, which is saddled with $220 million of bonds outstanding on its incinerator.

Assured Guaranty Corp. won't seek to appeal a New York State court's ruling that it must honor coverage of defaulted debt issued by the Xenia Rural Water District in Iowa.

New York City on Tuesday announced details of its upcoming $775 million sale of taxable and tax-exempt new-money general obligation bonds, which it plans to issue in three subseries.

The Dormitory Authority of the State of New York plans to issue $762.7 million of general-purpose personal income tax revenue bonds Wednesday through negotiated bid.

Gov, Deval Patrick on Monday signed Massachusetts' $30.6 billion budget, 11 days into the new fiscal year.

While the final version of Harrisburg's financial recovery plan, released Friday, made no changes that addresses the incinerator-related debt that triggered its financial crisis, it made several adjustments regarding the structural deficit of Pennsylvania's capital city.