Caitlin Devitt

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.

An ambitious plan by Indianapolis Mayor Greg Ballard to build a $408 million new criminal justice complex as a public-private partnership is facing an uncertain fate amid strong political opposition.

A measure to overhaul Cook County’s troubled pension system advanced in the Illinois legislature, but the state Supreme Court’s recent pension ruling continues to cast a pall over the county’s efforts.

Cook County President Toni Preckwinkle is urging Illinios lawmakers to approve county pension reform, saying it can withstand the legal challenges that doomed the state’s own efforts.

Indianapolis is increasing its disclosure with a new web site and report that provide detailed overviews of the city’s debt and borrowing practices.

Michigan lawmakers have an additional $218 million to play with as they craft a new budget, economists said Friday.

Michigan lawmakers are trying to fix an election snafu that wiped every Flint mayoral candidate off the primary ballot and spurred a write-in candidacy on behalf of a pig named Giggles.

Arguing time is the enemy, Chicago attorneys successfully argued for a fast-track hearing on a pair of lawsuits challenging pension reforms that took effect in January.

After years of financial problems, the school district of Gary is poised to become Indiana's first local government to be taken over by an emergency financial manager.

A Nebraska bill to give bondholders priority over other creditors in the event of a municipal bankruptcy is not likely to pass in the 2015 legislative session as different interest groups negotiate its language.

Voters in Ohio approved a majority of levy requests for local school districts it rates, a credit positive for those districts, Moody's says.

Struggling cities like Chicago need to embark on serious restructuring efforts before it’s too late and mounting retirement debt pushes them toward the fate of Detroit, said some architects of that city’s bankruptcy.

Michigan Gov. Rick Snyder said Wednesday he would meet immediately with lawmakers to seek a legislative solution to raise new road money after voters Tuesday soundly rejected a tax referendum.

After the Detroit Public Schools’ emergency manager warned the district can’t pay off $85 million of state notes by the August due date, a Michigan board has approved a plan to push out the payments up to 15 years.

Ohio-based Promedica Health System Inc. must divest itself of another local hospital after the U.S. Supreme Court refused to hear the hospital’s appeal of a lower court ruling blocking the merger.

A federal lawsuit seeks to stop Ohio from using toll revenue from the Ohio Turnpike to finance non-turnpike related highway projects.