Yvette Shields

Standard & Poor's, in a special comment, said it wants to see how serious Chicago is about fixing its structural budget deficit.

Illinois Gov. Bruce Rauner is escalating pressure on Chicago Mayor Rahm Emanuel to help pass his agenda by offering up a sweeping fiscal fix for the Chicago Public Schools' pension woes.

Chicago's Midway International Airport is in line for $250 million in upgrades under a plan announced Thursday by Mayor Rahm Emanuel.

Standard & Poor's outlook on the University of Minnesota Regents' rating has dimmed due to pressures posed by the state flagship school's increasing debt load.

Minnesota's flush coffers and structural budget balance led Standard & Poor's to revise its outlook on the state's AA-plus rating to positive from stable.

The U.S. Supreme Court has granted Illinois Attorney General Lisa Madigan's request for more time to consider whether to appeal the state's high court voiding a 2013 state pension system overhaul.

St. Louis voters Tuesday rejected a $180 million bond measure that the city had promoted as needed to help get deferred infrastructure work completed.

The Metropolitan Pier and Exposition Authority's triple-A Standard & Poor's rating became a victim of the Illinois budget impasse, getting a seven-notch downgrade.

St. Louis is free to spend tax money to fund a new football stadium, according to a St. Louis Circuit Court ruling overturning a city ordinance aimed at requiring such support go to a public vote.

Chicago's rising pension and debt service tabs, and a persistent, albeit shrinking, operating deficit, pose a long-term strain to the city's balance sheet, the city says in its annual financial overview.

Minnesota takes competitive bids Wednesday on $1.1 billion of its high-grade general obligation paper to finance projects and refund debt for savings in a deal that marks the state's single largest issuance of general obligation paper.

St. Louis voters head to the polls Tuesday to decide whether to give the city authority to sell $180 million of debt to finance infrastructure work.

Chicago heads into 2016 budget season in need of $754 million to cover an operating deficit and higher pension contributions, according to figures released by Chicago Mayor Rahm Emanuel.

The Metropolitan St. Louis Sewer District's public rate commission is backing the district's proposed rate hike plan and $900 million bond issue.

Moody's Investors Service stripped Kankakee County, Ill., of its investment grade rating over its fiscal struggles and warned it might not stop at the Ba3 level.

A Cook County Circuit Court judge denied Chicago’s request to keep its court-voided pension reforms in place pending an appeal.

The Chicago Transit Authority enters the market next week with a $176 million issue to refund some of its federal grant-backed debt for savings.

Chicago Mayor Rahm Emanuel submitted bonding ordinances to authorize up to $2 billion of O’Hare airport borrowing as well as $675 million of general obligation and wastewater debt.

Senate leaders are raising concerns over legislation passed by the House and supported by Gov. Bruce Rauner that halts cost-of-living pay raises for Illinois lawmakers in the current fiscal year.

A $250 million public financing package for a new Milwaukee Bucks basketball arena is headed to Wisconsin Gov. Scott Walker's desk.