Gov. Tom Wolf this week announced new rules for spending state grants in light of an audit that showed little accountability for the spending of public money.

Standard and Poor’s announced on Wednesday morning that they are downgrading Pennsylvania’s bond rating amid the ongoing budget stalemate, the failure of lawmakers to fix Pennsylvania’s chronic structural imbalance, and weakening liquidity.

Gov. Tom Wolf made two Pittsburgh-area radio appearances Tuesday morning during which the top topic of interest was progress being made on reaching agreement to balance the state budget.

The Pennsylvania Senate reconvened Monday for the first time since July and their top order of business was a review of the budget-balancing plan the House passed last week.

With the Commonwealth perhaps just days or weeks away from the need to borrow additional money to keep the General Fund balance above zero and maintain paying the state’s bills, Gov. Tom Wolf said Tuesday that House Republicans need to return to session to work through a solution that balances the $31.99 billion budget that became law in early July.