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Issuance of municipal bonds fell 33.9% to $26.7 billion compared to $40.4 billion in September 2016.
September 29 -
The rating agency calls on the commonwealth to match recurring revenues with expenses.
September 25 -
House Majority Leader Dave Reed blames 'a small group of unknown people' at S&P for the state's downgrade while the Senate rejects a House revenue plan.
September 21 -
S&P Global Ratings cited fiscal shakiness while Gov. Tom Wolf called for an end to the budget impasse.
September 20 -
Gov. Tom Wolf has threatened further cuts without a balanced $32 billion fiscal 2018 budget.
September 18 -
The state awaits word on how Gov. Tom Wolf will handle the situation as bond rating agencies continue to hover.
September 15 -
Continued lack of a budget will mean a spending freeze and further rating agency backlash.
September 13 -
Gov. Tom Wolf has threatened a spending freeze and rating agencies have threatened more downgrades.
September 11 -
Volume shrank from August 2016, when the market was on a record-breaking run.
August 31 -
State officials say they won't permit unlimited short-term borrowing.
August 21