Caitlin Devitt

Wayne County, Mich. introduced discussion of how its debt might fare in a bankruptcy as it prepared to come to market with $187 million of notes.

Wayne County, Mich. has reached a settlement with a chunk of its retirees that will save the junk-rated government around $20 million a year.

Indianapolis will not be building a new $400 million criminal justice center after the city-county council killed the proposal.

Local governments in Michigan get a break in the state's new $54 billion budget, which holds steady on revenue aid after years of deep cuts.

Indiana will continue to suspend all work and contracts tied to the $1.5 billion Illiana Corridor toll road until the fate of the controversial project becomes clear in cash-strapped Illinois.

Cook County's CFO said Moody's has been "more bearish" on the Chicago area than the other ratings agencies for years, and that he was disappointed but not surprised by the latest downgrade.

The Wayne County, Mich. board Thursday rejected a proposal to cover a court-ordered pension payment with a special property tax levy, voting instead to dip into a delinquent revolving tax fund.

Michigan lawmakers have approved a bill to fix an election snafu in Flint that wiped off every mayoral candidate off the primary ballot.

Moody's Investors Service pushed a small Ohio hospital deep into junk territory amid a variable-rate debt-driven liquidity crisis and after a proposed merger with the state's largest provider fell through.

Moody's says that hospitals in Medicaid expansion states saw big drops in bad debt and that furthermore, providers across the entire sector saw improved financials in fiscal 2014.

St. Louis University is buying SLU Hospital from Tenet Healthcare and transferring it to SSM Health, one of the state’s largest providers.

Former Puerto Rico Gov. Anibal Acevedo Vila said the U.S. needs to negotiate a “new economic relationship” with Puerto Rico to help it avoid default on its $72 billion of debt.

Cook County President Toni Preckwinkle said she’s disappointed state lawmakers did not pass her pension reform bill, adding that the county’s underfunded retirement system is approaching “the point of no return.”

Australian fund manager IFM Investors has paid $5.72 billion to lease the Indiana Toll Road for 66 years, marking the largest privatization for an existing U.S. asset and the first time major US pension funds have invested in American infrastructure.

Five years ago Michigan’s retirement systems attached their guarantee to a troubled bond deal, and being forced to cover payments, lawmakers will bail out the pension funds with general fund money.

Suzanne Shank, president and CEO of Siebert Brandford Shank & Co. LLC, has been named to a national panel dedicated to boosting private investment in infrastructure.

Cook County, Ill., says a fresh downgrade could force it to refinance $500 million of debt and cost taxpayers an additional $25 million a year.

A new report identified five struggling Chicago-area suburbs as most vulnerable to a Chapter 9 filing if state law is changed to permit it.

New Census figures show that people continue to move out of the Motor City, but at a slightly slower rate than in recent years.

The Wayne County board Thursday approved a reorganization plan that is part of the county's attempt to avoid a state takeover.