Legislative Office: CT Budget Deficit Nears $150 MillionRepublican St. Sen. Andrew Roraback, a member of the legislative finance committee, believes this latest projection is tied to the recent Moody's downgrade of Connecticut's obligation bonds.
Moody's Downgrades Connecticut's DebtMoody's Investor Service on Friday downgraded Connecticut's debt rating, blaming the state's high borrowing and retirement costs, and the slim prospects for replenishing the state's rainy day fund in the near-term.
Long Beach Declaring Fiscal EmergencyEspecially in the summer, Long Beach is a gorgeous place to live and visit, with many people spending long hours in the water and on the boardwalk. But there is an ugly problem.
Fitch Downgrades NJ Bonds; Gov. Christie Says Downgrade In Line With Moody, S&P Rating CutsFitch Ratings has downgraded New Jersey's general obligation bonds to AA- from AA.
Markets Drop After Debt Ceiling AgreementOn Wall Street, all three major indices dropped more than 2 percent Tuesday following news that consumers cut their spending in June.
Credit Rating Agency Gives Rockland County Negative OutlookAccording to credit rating agency Moody's, school districts and municipalities in New York are already strained.
Report: Mets 'Desperately' Seeking Second LoanThere may be more trouble in Flushing. According to the New York Post, the Mets are "desperately" seeking a second loan to offset operating expenses.
Moody's Slashes Outlook On Citi Field BondsMoody's Investors Service says it has lowered its outlook on the company that operates Citi Field, citing the potential for pending litigation against the owners of the Mets.
Moody's Doubts AC Casino Reforms Will WorkMoody's Investors Service said in a report that the proposed changes could send money "in one pocket, out the other."