Yvette Shields

Chicago’s second shot at fixing one of its woefully underfunded pension funds offers investors at least a small sign of progress, several market participants said.

Chicago would raise its contributions to its laborers’ pension fund by at least 30% annually under a new plan to stabilize the fund and steer it away from its path to insolvency.

Minnesota lawmakers won’t immediately be called back to work to tackle a capital budget and long-term transportation funding plan after failing to act on both fronts before their session drew to close at midnight, Gov. Market Dayton said Monday.

Chicago heads into the market with $350 million of Midway Airport revenue paper, bolstered by an upgrade and viewed as well-insulated from the city’s financial troubles.

The Wisconsin Center District board formally signed off Friday on a more than $200 million bond financing for the new Milwaukee Bucks arena, paving the way for a June sale.

The health of Chicago's municipal and laborer's funds further eroded over the last year with another $3 billion of unfunded liabilities being dumped on to the city's pension tab, according to new 2015 actuarial reports.

The Chicago City Council on Wednesday approved $600 million of new money general obligation borrowing along with new rules that require greater oversight of more complex financings such as those with interest-rate swaps.

Municipal bond market participants may agree that bank loan disclosure falls short but there's little consensus about how to improve it amid heightened regulatory scrutiny.

The Wisconsin Center District is finalizing plans for a $203 million deal to cover much of the public tab for the new Milwaukee Bucks basketball arena.

Chicago is moving to finalize the new money piece of an up to $1.25 billion general obligation bond sale.

Columbia Capital Management LLC has added Courtney Shea to its ownership team.

Allegations of securities violations against Calvin Grigsby should be dismissed, an Illinois hearing officer recommended in a case that stemmed from his firm Grigsby & Associates advising a state agency to invest in a bank that later failed.

Illinois lawmakers head into the homestretch of their regular session with growing anticipation for the results of two bipartisan budget working groups trying to reach agreements and break an almost 11-month-old budget impasse.

The Cook County, Ill. board advanced new money and refunding borrowing plans and two major development projects.

Investors snapped up Chicago's $537 million water revenue bond issue, allowing the city to trim the steep interest penalties its bonds typically face.

Wisconsin Gov. Scott Walker’s administration is defending its decision for a second consecutive year to defer repayment of commercial paper instead of retiring it as originally planned in the budget.

K-12 education could be the next victim of the political quagmire enveloping the Illinois budget.

Chicago closes the door on a $2.2 billion downgrade-driven liquidity crisis by selling $535 million of water revenue-backed paper in a deal that sheds bank credit and counterparty risk.

The Chicago Summer Business Institute has 200 applications from high school students looking for an entrance to the business world but only 100 paid internship openings — a shortage organizers say highlights the need for an upcoming fundraiser.

The junk-rated Chicago Public Schools doesn't meet any of five state criteria to warrant further state intervention, the Illinois State Board of Education has found.