State of Connecticut

The state's public pension funds will divest holdings in civilian firearms manufacturing companies and prohibit future investments, Shawn Wooden says.

He will join Shawn Wooden's staff in Dec. 16 and brings 25 years of financial and management experience in the public and private sectors.

The question of how to pay for the governor's $21 billion, 10-year transportation bill points to the political third rail of highway tolls.

Variables related to other post-employment benefit liabilities jeopardize core services in the tri-state area, said the Manhattan Institute.

Troubles at the Connecticut Port Authority and elsewhere have prompted broader looks across their operations.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

Kevin Cullinan will will develop an enterprise risk management framework for the Connecticut Retirement Plans and Trust Funds, state Treasurer Shawn Wooden said.

Connecticut on Thursday sold its first bond offering since it passed a budget last month.

State officials hope boosts to two rating outlooks, an on-time budget, pension revisions and higher reserves will benefit its $244 million refunding.

Munis are expected to attract inflows for another week. After that the ball's in the Federal Open Market Committee's court.