Caitlin Devitt

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.

It could be a crucial year for Detroit Public Schools as Michigan Gov. Rick Snyder, Detroit Mayor Mike Duggan and a newly created coalition of Detroit leaders take on problems at the long-troubled district.

Michigan's proposal to raise the sales tax to generate new road funding would also generate fresh dollars for school districts, Moody's Investors Service said Friday.

An Indiana state representative's bill would only allow issuers to propose borrowing and tax levy questions during general elections in order to boost voter participation.

A proposed bill requiring Nebraska issuers to boost disclosure and stress bondholders' lack of priority over pensioners could spook national investors and drive up borrowing costs, some market participants warned state lawmakers Wednesday.

Jones Day, the law firm that oversaw Detroit's bankruptcy, said it cut its fee by $18 million, leaving a $58 million final tab that it defended as reasonable given the "cutting-edge" nature of the Chapter 9 case.

Michigan Gov. Rick Snyder urged voters to approve a May 5 ballot referendum calling for an increase in the state sales tax to raise $1.2 billion in new road funding during his state of the state address Tuesday.

A Nebraska state senator introduced a pair of bills that would either give bondholders a clear priority over pensioners in the event of a bankruptcy or force cities to advertise their lack of priority on the first page of an official statement.

Michigan officials said Friday they expect general fund revenues to be down by $857 million over the next two years, largely due to higher-than-expected use of business tax credits.

Flint officials said they would hire a consultant to help improve the city's poor water quality since it broke off from the Detroit water and sewer system last year.

Lazard Freres, which represented retirees in the Detroit bankruptcy, said it agreed to a 37% fee reduction as part of court-ordered mediation.