Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today issued the following statement on Standard & Poor’s (S&P) Global Rating lowering its general obligation rating on the Commonwealth to ‘A+’ from ‘AA-‘.
Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today praised the Pennsylvania State Employees’ Retirement System (SERS) for adopting a resolution that will provide a plan by the end of this year to reduce the total investment fees paid to external managers over a three-year period.
Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today released a statement regarding Treasury’s Short Term Investment Pool (STIP), and warned that on Friday, September 15, the General Fund’s balance is projected to fall to zero. As a result, without corrective action, $860 million in scheduled expenditures would be delayed until the General Fund has received sufficient revenue.
Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today issued the following statement on the Trump Administration’s announcement to end the Deferred Action for Childhood Arrivals (DACA) program that allows certain undocumented immigrants who entered the country as minors to receive temporary relief from deportation and eligibility for a work permit.
September 5, 2017 – Drug companies Cardinal Health and AmerisourceBergen must act to address the heroin and opioid epidemic or face potential financial consequences in their stock prices, state treasurers from Illinois, Pennsylvania, West Virginia and California said today.