Nora Colomer

Michigan Gov. Gretchen Whitmer, a Democrat, called the budgets approved by GOP lawmakers on Tuesday "a mess."

Mayor Karen Freeman-Wilson said the city is forging ahead with the transaction to raise money to help pay its bills.

Moody’s Investors Service citied continued operational and performance improvements for the upgrade to Baa1.

Michigan is more vulnerable because of its higher exposure to the auto manufacturer relative to other U.S. states, said Moody's Investors Service.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.

Saint Mary's College, a sister school to the University of Notre Dame, will sell $27 million of new money bonds and $15 million to refund debt.

The distric is the legacy entity left to service school bonds after a new district was created to educate Detroit's children.

The budget battle between Republican lawmakers and Gov. Gretchen Whitmer looks no closer to being resolved by the Oct. 1 deadline.

Minneapolis-St. Paul Airport is pricing bonds that will partially finance projects under its capital plan and refund previously issued debt for a savings.

The new money piece of the $77 million deal will cover the county's obligations under its lease agreement with the Cleveland's NBA franchise.

The state intends to implement a working group that will develop a long-term solution for Benton Harbor Area Schools.

The fixed-rate bonds refund more than 50% of the Indianapolis Airport Authority’s floating rate bonds and terminate associated interest rate swaps.

The city manager says Birmingham has no plan B to fund the project.

The deal through the Indianapolis Local Public Improvement Bond Bank will refund floating-rate debt issued in 2010 to a fixed rate.

Municipal group contends that the state has shortchanged them for years — to tune of more than $2 billion last year alone.

The Ohio law replaces a ratepayer surcharge for renewable power with one that subsidizes two of the firm's nuclear generation facilities.

Moody’s Investors Service downgraded $492 million of bonds because of its revised criteria on special revenue debt.

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

The college is heading into the market as it remains the center of a libel lawsuit that may cost it more than $25 million in punitive damages.

The budget plan was more than two weeks overdue.