Pennsylvania Bond Penalty Grows as State Budget Impasse Deepens

  • Governor says he will veto Republican stop-gap budget
  • Debt costs top most states; premium nears highest since 2013

Pennsylvania is facing rising penalties from investors as Democratic Governor Tom Wolf plans to veto a temporary budget being advanced by Republican legislators, promising to prolong a political impasse that’s left the state without a spending plan for more than two months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.