Deficits

The Cambria County, Pa., Commissioners unanimously approved a 2016 audit presented by Wessel & Co. that showed the county paid down approximately $6 million of its general fund deficit.

WEST HAVEN, Conn. -- With the annual audit of fiscal 2015-16 now delivered to the city -- and showing the city's cumulative deficit rising by $500,000 to $16.8 million -- the long-discussed deficit financing plan to bond the deficit and pay it off over time is ready to go forward.

New York Mayor Bill de Blasio and City Council leaders agreed on an $85.2 billion budget.

Illinois spreads widened as investor confidence waned that the state can resolve its budget deadlock.

Illinois received two downgrades Thursday, bringing it closer to a junk bond rating.

Louisiana Gov. John Bel Edwards called a special session to continue work on the state budget.

Connecticut-based insurance behemoth Aetna confirmed relocation talks with other states.

Prospects are bleak for a breakthrough on Illinois’ two-year-old state budget stalemate.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

Pennsylvania's proposed gambling expansion would have limited upside, said Moody's Investors Service.

Hartford, Conn.’s latest downgrade shows Connecticut must help the city avert bankruptcy, said Mayor Luke Bronin.

City comptroller calls for tighter internal targets.

Overhaul would result in higher-rated paper, Nappier says.