Yvette Shields

Illinois Gov. Bruce Rauner called on Chicago City Council members to get behind pieces of his turnaround agenda if they want his backing for their legislative want list.

Struggling to close a $1 billion budget gap, Chicago Public Schools will curtail capital spending in its next budget and take aim at its teachers' labor contract.

Chicago Mayor Rahm Emanuel has tapped public transit veteran Dorval R. Carter Jr. to take the helm of the Chicago Transit Authority.

Rookie Illinois Gov. Bruce Rauner and the General Assembly enter the last month of the regular legislative session without visible progress on a state budget or the governor's proposed 'turnaround' plan.

Chicago's pension woes run so deep they pose a long-term fiscal threat even if the city overcomes pending legal and political hurdles to its stabilization efforts, Moody's Investors Service warns in a new report.

Chicago’s chief financial officer, Lois Scott, and municipal market participants, look back on her tenure as she prepares to leave the office after four years.

Chicago's chief financial officer, Lois Scott, formally submitted her resignation Friday.

Moody's Investors Service has stripped a suburban Chicago suburban park district of its investment grade rating due to concerns it will default on near term debt service payments.

Chicago’s CFO, Lois Scott, is promoting the city's new plan to take on $200 million of new debt to pay for canceling interest-rate swaps and to phase out debt restructurings.

Chicago will phase out the use of scoop-and-toss debt restructuring, convert a $900 million floating rate portfolio to fixed and exit the attached interest rate swaps under measures announced by Mayor Rahm Emanuel Wednesday.

Chicago could sink into speculative grade territory if it fails to quickly make headway in tackling its pension and budgetary mess, Nuveen Asset Management LLC warns in a new research report.

Northwestern University is offering more than $600 million of its gilt-edged paper to taxable and tax-exempt buyers to refund some debt and raise financing for projects in an ongoing $2.6 billion capital program.

Missouri Gov. Jay Nixon is reviewing the $26 billion fiscal 2016 budget sent to him by lawmakers two weeks ahead of the state constitution’s mandated deadline.

Chicago Mayor Rahm Emanuel tapped Forrest Claypool, his longtime friend and hand-picked head of the Chicago Transit Authority, as his next chief of staff.

Wisconsin’s capital finance director, Kevin D. Taylor, resigned after only two years in the job.

Chicago-based general government banker Eric Rockhold started Monday with Bank of America Merrill Lynch as a co-head of the central region, industry sources said.

The Minnesota Senate passed legislation banning state taxpayer aid for a proposed $120 million open-air Major League soccer stadium in Minneapolis.

The Art Institute of Chicago said it’s received the largest gift ever in a 42 piece collection valued in published reports at $400 million.

Drawn by attractive interest rates, investors Tuesday bought up $300 million of bonds sold by the Chicago Board of Education, which has been dogged questions about its solvency.

Illinois Gov. Bruce Rauner's promotion of Chapter 9 as an option for some local governments may hinder efforts to help resolve fiscal struggles in a way that protects bondholders, Fitch Ratings warned.