Caitlin Devitt

The financial strains facing Michigan's school districts continued to mount in fiscal 2013, with a near-record number reporting deficits, inspiring new state initiatives to get a grip on the problem.

Omaha, Neb. lost its prized triple-A rating from Standard & Poor's and saw a negative outlook revision from Moody's due to the city's large unfunded pension obligation.

After more than a month of nothing, deals are starting to flow again for Michigan local issuers, as Genesee County tested the market Monday with $35 million of GO debt.

Warren Buffett's bond insurance firm Berkshire Hathaway Assurance Corp. made its first appearance in the Detroit bankruptcy as the city filed objections to creditors' requests.

Indiana University Health, the state's largest health care system, announced Sept. 11 that it will lay off 800 employees by the end of the year to save money.

Ohio will sell $400 million of new-money general obligation bonds in a competitive sale set for Tuesday morning.

Battle Creek, Mich., sold the first sizable deal featuring local Michigan general obligation bonds since Detroit's historic bankruptcy.

Flint, Mich. will get its third emergency manager within one year after current EM Michael Brown announced Wednesday he is stepping down.

Bond insurer Syncora Guarantee, Inc. will appeal a recent decision by federal Judge Steven Rhodes in Detroit’s bankruptcy, marking the first appeal in the case.

Michigan Gov. Rick Snyder Tuesday dropped his fight against the city's unions and agreed to be deposed in Detroit’s historic Chapter 9 bankruptcy case.

Detroit defended its right to enter into bankruptcy in a 135-page court paper that tackles creditors' objections and offers a few glimpses into arguments it may use in its Chapter 9 case.

The school board in Minot, N.D., grappling with a spike in enrollment from the state’s historic oil boom, will ask voters in a special election this year to approve a $125 million borrowing.

Wayne County has abandoned work on a $300 million bond-funded new jail in downtown Detroit and formed a task force to study alternatives for the site and the project’s cost overruns.

The emergency manager of Hamtramck, a small town surrounded entirely by Detroit, began implementing her financial plan to revive the city by firing a trio of top city employees and cutting the City Council’s pay.

Oakland County’s delay on its $350 million bond deal originally set for next week has nothing to do with Detroit, a top executive said Wednesday.

Michigan Wednesday launched a financial investigation into two more local governments in the metro Detroit region.

Detroit emergency manager Kevyn Orr and the bankrupt city's investment banker said in depositions that the need to access casino revenue drove tense negotiations with interest-rate swap counterparties.

Oakland County, Mich., may delay a $350 million bond sale set for next week.

Bankruptcy Judge Steven Rhodes granted Michigan's request for an expedited hearing on a motion to quash a request to depose Gov. Rick Snyder.

Moody's Investors Service last week downgraded nearly $1.9 billion of debt issued by Omaha Public Power District amid the district's ongoing problems with its nuclear plant.