Yvette Shields

Under a court-approved consent decree, the impoverished south Chicago suburb will keep 90% of pledged tax revenues as it works on a debt restructuring.

Moody's Investors Service says the appellate court decision could impede the state government's flexibility in dealing with coronavirus-driven budget woes.

The coronavirus is adding to strains bearing down on the city that serves as home to Southern Illinois University's flagship campus.

Without commenting on the legal merits laid out so far in the case, an appellate court panel concluded the lawsuit met the threshold to proceed as a taxpayer action.

Illinois in the spring cut its fiscal 2020 and 2021 revenue estimates by more than $7 billion due to the pandemic.

Ahead of the state's $1.2 billion sale next week, S&P revised its outlook on the AAA rated state to negative

The Illinois Public Pension Fund Association says POBs could offer a potential fix for some but some market participants urge caution due to POBs' perils.

UMB's appeal of a lower court decision siding with Platte County over its legal obligation to honor an appropriation pledge is being heard Wednesday

Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Minnesota's governor blames efforts to strip emergency powers he used in the fight against COVID-19 for the holdup in passing a $1.8 billion bond authorization.

Hospitals margins could sink to unsustainable negative levels in the last half of the year, according to forecasts.

Federal authorities arrested Ohio House Speaker Larry Householder on charges he took bribes to support legislation that benefited bankrupt FirstEnergy.

The Detroit City Council agreed to put Mayor Mike Duggan's revised $250 milliot bond proposal on the November ballot after nixing his original plan last year.

The legal tussle between the Dallas-based private lender and the Chicago-based investment powerhouse continues with defamation and antitrust claims pending in separate courts.

Fitch downgraded the Ohio-based system to BBB-minus, leaving its rating at the lowest investment grade, matching ProMedica's Moody's rating.

Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.

Revised plan addresses concerns the council had when it rejected the initial version in November.

The bond-financed Chicago-area hotel and conference center remains shuttered as a result of the coronavirus health crisis.

S&P moved Michigan's outlook to negative this week. Fitch recently affirmed the state's stable outlook.