Yvette Shields

Chicago Public Schools sent $467 million to the teachers' pension fund as required Friday.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

The Illinois governor says he will keep lawmakers in session until a budget agreement is reached.

A proposed ordinance calls for Chicago to funnel more money to two pension funds without state action.

A court decision on Illinois Medicaid bill payments could come on the last day of a special session.

Illinois isn't the only Midwest state struggling with budget issues.

Lawyers for Medicaid recipients will ask a judge to order Illinois to pay nearly $1.1 billion more a month.

Chicago Public Schools closed on the private placement of $112 million of grant anticipation notes.

Illinois house leaders continued to negotiate on budget and policy issues with the clock ticking.

Iowa’s weaker-than-projected revenue collections are so far manageable, Moody’s said.

Cook County's leader says state and federal issues weigh heavily on budget planning.

A budget feud between Minnesota Gov. Mark Dayton and the legislature's GOP majority doesn't pose an imminent threat to the state's high-grade ratings, said Fitch Ratings and Moody's Investors Service.

The Prarie State faces the possible loss of at least one of its investment grade ratings if it doesn't resolve its budget crisis.

Debt service on Illinois bonds “will not be delayed or diminished,” the comptroller said.

The Chicago Public Schools paid a punishing yield on short-term state grant anticipation notes.

Chicago enters the market with $825 million of new money and refunding O'Hare airport revenue bonds.

Indiana will assume direct control over a troubled P3 under preliminary settlement agreements.

A feud over tax relief between Minnesota Gov. Mark Dayton and the GOP may hurt a bond rating.

A special session of the Illinois General Assembly will begin June 21.