Yvette Shields

Illinois Gov. Pat Quinn announced $55 million in grant funding from the state's capital budget for 27 Chicago area colleges and universities.

Moody's Investors Service revised its outlook on Forest Lake Independent School District 831's underlying Aa3 rating to negative as the district heads to market with a $3.4 million bond issue to buy an ice arena and field house.

Minnesota will take competitive bids Tuesday on $470 million of general obligation bonds to finance statewide capital projects as its appropriation-backed issue for the new Minnesota Vikings professional football stadium waits in the wings.

Chicago heads to market Tuesday with a $247 million O'Hare International Airport borrowing to help finance a consolidated car rental center that's part of an $800 million multi-modal transportation facility.

Preliminary results show a majority of bankrupt American Airlines' shareholders and creditors — which include some holders of the airline's $3.3 billion of municipal bonds — have signed off on a proposed reorganization.

Chicago faces a $339 million gap in its next budget before its financial reckoning arrives the following year when public safety pension payments will spike by $600 million, according to new budget estimates.

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Kutak Rock LLP is adding Lance Tyson, who is returning to the firm after a 10-year absence during which he operated his own law firm and served as chief of staff to the former Cook County, Ill. Board president.

Illinois' House Speaker and Senate President filed a lawsuit against Gov. Pat Quinn Tuesday challenging his move to stop paying lawmakers in an attempt to pressure lawmakers to pass pension reforms.

Minneapolis lost it its top credit rating from Moody's Investors Service due to the size of its pension burden and shift in how the rating agency assesses pension obligations.

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Milwaukee County plans to sell $51 million of new money and refunding general airport revenue bonds for General Mitchell International Airport, but received a downgrade and worsened rating outlook.

Illinois Gov. Pat Quinn has signed legislation that paves the way for the use of public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

The Illinois state auditor found "pervasive" management problems and troubling fiscal operations at the Illinois International Port District in a review that covered 2010 and 2011.

Moody's Investors Service has raised Carroll University's rating one notch to BBB-plus in recognition of its positive operating performance.

The Regional Convention and Sports Complex Authority will take competitive bids Tuesday on a refunding of St. Louis County and Missouri's share of outstanding bonds issued for the St. Louis Rams' Edward Jones Dome.

Illinois Comptroller Judy Baar Topinka said state lawmakers won't be paid next month unless they pursue a legal challenge or override Gov. Pat Quinn's action stripping their pay authorization out of the fiscal 2014 budget.

After downgrading Chicago and its school system over mounting pension woes that along with their long-term debts burden the same tax base, Moody's Investors Service took aim at the Chicago Park District.

The Chicago Public Schools proposed a $5.6 billion budget for fiscal 2014 that relies on the maximum allowed property tax hike, spending cuts, and $700 million in reserves to erase $1 billion of red ink.

The Chicago Cubs won Chicago City Council approval Wednesday for their privately-funded $500 million, five-year makeover of the 99-year-old landmark Wrigley Field that includes plans for an adjacent hotel and plaza.