Dannel Malloy

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

The state Senate could bring the spending plan up for a vote that could help end a nearly five-month impasse.

Treasurer Denise Nappier called for sound bond-cap provisions, full funding of ARCs and adherence to a 2008 pension bond covenant.

Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.

S&P lowered its outlook to negative, citing constraints from the four-month impasse.

The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.

Luke Bronin called the latest multiple-notch downgrades no surprise.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

Top Republicans say they will meet with Democratic Gov. Dannel Malloy, who vows to veto the GOP-backed budget.

While Mayor Luke Bronin awaits state aid from a fractious government, a bondholder call looms.

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

A planned overnight short-notice vote failed to materialize amid continued tweaks.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.

Municipalities object to a report by Gov. Dannel Malloy's budget office that defends the level of state aid.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.