Caitlin Devitt

A Michigan Senate committee will take up a statutory lien bill that is part of a national debate sparked in part by Detroit’s 2013 bankruptcy.

Standard & Poor’s has downgraded DuPage County, Ill.’s water and sewer bonds due to what the ratings agency says are volatile debt-service coverage levels.

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.

The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the government illegally approved the controversial $1.5 billion Illiana toll road project.

Mayer Brown attorney Tyrone Fahner, head of an influential Chicago business group's civic arm, had strong words for the state's three most powerful politicians this week at a high-profile annual luncheon.

Columbus-based Umbaugh has acquired Prism Municipal Advisors, a well-known Ohio financial advisory firm.

After getting hit with multi-notch downgrades on its water and sewer bonds, the Indianapolis suburb of Carmel is considering raising its utility rates.

Wayne County, Mich.’s disclosure that the IRS is auditing $200 million of bonds is a credit negative, because the cash-strapped county could have a hard time covering the costs of the federal interest subsidy if is lost, Moody’s Investors Service said Friday.

The Michigan Treasurer will take over 16 financially distressed school districts under a new early-warning system passed by lawmakers in June.

The Wayne County Commission Thursday approved a 2016 budget that the Michigan county’s top executive called crucial to its recovery from its financial emergency.