Caitlin Devitt

U.S. Bankruptcy Judge Steven Rhodes has approved $183 million of fees charged by professionals during the city's bankruptcy, in a ruling that heaps praise on the attorneys and consultants who worked on the city's behalf.

The Detroit Water and Sewerage Department wants to impose double-digit rate hikes to offset flat revenues even as the city and suburban leaders continue to try to hammer out a final deal to lease the troubled department to a regional authority for 40 years.

Michigan Gov. Rick Snyder's 2016 executive budget features only modest spending increases and little borrowing as the governor continues to push lawmakers to support a sales tax increase to generate $1.3 billion in new road money.

Detroit Mayor Mike Duggan said in his state of the city address Wednesday night that the city is on the road to recovery and that he’s focused on growing population to ensure long-term survival.

Owners of the bankrupt Indiana Toll Road assured a federal bankruptcy judge recently that they expect to find a new owner for the 75-year lease within a few months and that the asset could fetch as much as $5 billion.

Indiana finance chief Kendra York has quit to join an engineering firm that works on public-private partnerships, and Gov. Mike Pence has appointed long-time public finance figure Dan Huge as interim director.

Nebraska legislators will hold a public hearing March 3 on a bill that would give bondholders priority over retirees in the event of a bankruptcy.

A day after Wayne County officials warned of a grim financial picture, Moody's Investors Service stripped the county of its investment-grade rating and Fitch Ratings put its already junk-bond ratings on negative watch.

Michigan gave Flint $2 million to improve its water quality, which has plummeted since it exited Detroit's system, under the state's new distressed cities program.

Fitch Ratings, which already maintains junk ratings on Wayne County, Mich., put the ratings on a negative watch just hours after the release of a new audit that warns the county could be out of cash by next summer.

The newly elected head of Wayne County Michigan, home to Detroit, warned Thursday that the county is on track to run out of cash by August 2016, calling it “financial Armageddon.”

Indiana's recent decision to expand its Medicaid program under the new federal health care law is positive for the state's hospitals and could prompt Republican-led states that have opted out to change their minds, according to Fitch Ratings.

Detroit Public Schools is offering $197 million of general obligation bonds through the Michigan Finance Authority backed by a state school loan fund program.

Trinity Health this month prices its first significant bond deals since it merged with Catholic Health East in 2013, with three transactions totaling $1.45 billion including its first taxable deal.

Ohio Gov. John Kasich unveiled a two-year budget plan Monday that features income tax cuts offset in part with a big increase in taxes paid by the oil and gas producers in the state's burgeoning fracking industry.

Two veteran Ohio municipal bond traders who started in the business in the 1960s are retiring from Stifel, Nicolaus & Co., which will close its Ohio trading desk with the departures of Bob Perrier and Linda Erlandson.

Standard & Poor's put a local Indiana school district on negative watch after it missed two payments due in January on bond issues.

More than two-thirds of Detroit homeowners will see property assessment reductions of 10% to 20% under a major reassessment program launched by Detroit Mayor Mike Duggan.

The nation's second-largest health care provider, Trinity Health, is bringing $1.4 billion to market next week in a deal that will in part raise money for a $4.5 billion capital plan.

Indiana will apply for a $170 million TIFIA loan to help cover payments to the private team on the $2.3 billion Ohio River Bridges project.