Caitlin Devitt

Moody's Investors Service warned it may downgrade the Omaha Public Power District, one of the country's highest-rated utility, as the OPPD struggles to bring its nuclear plant back online amid increased federal regulatory scrutiny.

It would be difficult but not impossible for Detroit or its creditors to lay claim to the Detroit Institute of Arts' prized collection, bankruptcy attorneys say.

Senate Majority Leader Randy Richardville Wednesday introduced a measure to protect the Detroit Institute of Art's prized art collection, days after the city's emergency manager warned the art is vulnerable to creditors.

The city of Massillon lost its investment-grade ratings last week when Moody's Investors Service knocked its rating down three notches to Ba1 from Baa1.

Moody's Friday placed the B1 issuer rating and B2 general obligation limited tax debt rating of Pontiac School District on review for possible downgrade after saying the district missed a debt payment scheduled for May 1.

The Detroit City Council approved Mayor Dave Bing's $1.1 billion general fund 2014 budget for the city, which is under emergency management.

Holders of Detroit's general obligation bonds are taking note of the specific pledges securing their paper and how the debt might be treated differently in bankruptcy.

A five-member Michigan review team Thursday said it found a fiscal emergency in the long-troubled Detroit suburb of Hamtramck, which could lead to an emergency manager.

Indiana Thursday put out a request for qualifications seeking developers interested in a $400 million project to rebuild a section of I-69, the latest in a series of P3s that state officials say make them a leader in the sector.

Michigan Gov. Rick Snyder and GOP leaders have reached an agreement on spending targets for 2014, but Snyder said the $50 billion plan fails to address some long-term issues, including Medicaid and road funding.

Top-rated Columbus Ohio will ask voters to approve $800M of new general obligation bonds in November to finance a five-year capital plan.

A proposed merger between Beaumont Health System and Henry Ford Health System was cancelled Tuesday.

Cincinnati Mayor Mark Mallory reduced the number of layoffs in his proposed 2014-2015 budget, as the city continues to wait a ruling on the lawsuit that has delayed a plan to privatize its parking system.

Just weeks after announcing he would step down as emergency manager of Detroit Public Schools, Roy Roberts said last week he would stay for six more months.

Indiana Gov. Mike Pence said he is pulling state support for a $1.8 billion fertilizer plant amid political concerns, but the plant's owners said they still hope to build the facility.

Detroit's plan to restructure its debt "puts default squarely on the table" and signals bankruptcy is a real option, Moody's Investors Service says in a comment.

Michigan's recovery from its "lost decade" is expected to continue through 2017, economists and fiscal officials said, projecting nearly $700 million in largely one-time new revenues for the 2014 budget.

Detroit Mayor Dave Bing, who ran the city amidst its most tumultuous period, said Tuesday he won't run for re-election – but said he is eying a bid for Wayne County Executive's office.

Fitch Ratings last week downgraded Kalamazoo, Mich. to AA from AA-plus, saying the city faces a myriad of challenges.

The Detroit branch of the National Association for the Advancement of Colored People filed a lawsuit Monday saying Michigan's new emergency management law violates the voting rights of African Americans.