State of Connecticut

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.

Malloy says he's open to revenue bonds

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

Chances of an on-time Connecticut spending plan faded.

Connecticut's governor asked lawmakers to consider a “mini-budget” should the state miss Friday's deadline.

The union rank and file must OK the agreement as a budget deadline nears.

Connecticut Gov. Dannel Malloy is developing a plan to operate state government should a budget not materialize.

Municipal bonds remained stronger at mid-session along with U.S. Treasuries after the release of a mixed employment report for May.