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Connecticut is struggling with a projected two-year, $5 billion budget deficit, while its capital city is on the brink of bankruptcy. But there is at least one piece of good fiscal news coming out of New Haven.

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As the impasse on the Connecticut state budget continues, House Republicans held a presentation Tuesday for colleagues on their budget proposal.

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State workers began voting Tuesday on a concessions deal brokered in May by Governor Dannel Malloy and state union leaders.

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The failure of lawmakers to pass a state budget is having a direct impact on summer jobs for Connecticut’s youth.

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The head of the MetroHartford Alliance said Hartford’s business community could be on board with a bankruptcy in the city, if it’s properly planned. Alliance President and CEO Oz Griebel said structural reform is needed to give the private sector confidence in Hartford. 

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Oz Griebel has been at the helm of the MetroHartford Alliance — since 2001 — promoting economic development in the Greater Hartford region.

This hour, we sit down with Griebel — after his announcement he’ll step down from his role as President and CEO at the end of this year. We talk about the region, the state, and his hopes for the future.

Child Health and Development Institute of Connecticut

As Connecticut lawmakers decide where to cut state spending, advocates for early childhood education are concerned that the state could lose millions of dollars in long-term benefits if quality child-care remains on the chopping block.

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The state of Connecticut is mired in a financial crisis. Facing a projected $1.7 billion deficit over the next two years, the General Assembly has yet to agree on a new budget to cover that gap while maintaining crucial services. Earlier this week, an article published in The Atlantic asked the question, "What on Earth is Wrong with Connecticut?"

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With the Connecticut state budget at an impasse, and the city in the throes of a structural budget problem that projects a $50 million deficit this year alone, Hartford is looking for options. 

Without a state budget in place, Connecticut is operating under executive order. Governor Dannel Malloy has outlined cuts to get state finances in line. Among them are funds for local libraries.

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Nonprofits that provide social services for the state of Connecticut are trying to calculate the cost of the current budget impasse. Some say they’ll be scaling back or even closing facilities. 

Updated at 9:05 a.m. ET

The July 4 holiday weekend got off to a rough start for New Jersey residents and tourists wanting to enjoy the state's beaches, but a budget deal in the state legislature late Monday paved the way for the beaches to reopen.

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Democratic Governor Dannel Malloy has signed an executive order to keep state government open without a new two-year budget deal. The new fiscal year begins tomorrow, but the legislature could not come together to pass a full biennial budget. 

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Connecticut House Democrats said they've come up with a two-year budget proposal that could be ready for a vote on July 18.

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We’re inching closer to the end of the fiscal year and Connecticut lawmakers at the state capitol still haven’t been able to reach a budget agreement. Meanwhile at the nation’s capitol, Senate Republicans are postponing a vote on their controversial health care bill.

This hour: a tale of gridlock in Hartford and Washington.