Illinois

Gov. Bruce Rauner said he will sign the budget state lawmakers approved Thursday.

The legislation would empower the state treasurer to buy up to $2 billion in vouchers for bills the state has not paid.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The rating agency said its new criteria only support a rating two notches higher than the state's BBB.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Water, wastewater, and securitization deals, and possibly an O'Hare airport sale, are still to come from Chicago this year.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

The Chicago Fed National Activity Index rose to 0.34 in April from a revised 0.32 in March, the Federal Reserve Bank of Chicago reported on Monday.