Illinois

Moody's Investors Service has placed the B3 general obligation (GO) rating of the Chicago Board of Education, IL (CPS) under review for possible downgrade.

Illinois could still see its rating cut to junk, as Moody's raises concerns over the shortcomings of a partisan budget deal.

If the Illinois House succeeds in overriding Gov. Rauner's budget veto, Chicago's pension restructuring becomes law.

Chicago and Illinois spreads got a boost as two years of state gridlock appeared to be nearing an end.

Illinois Democrats need to keep 15 GOP representatives on board to succeed in overriding Gov. Bruce Rauner's budget veto.

Progress on ending a two-year-old budget drought is being viewed positively by two rating agencies.

The Illinois House on Sunday sent a budget plan back to the Senate with action needed to avert historic fall to junk.

Chicago Public Schools sent $467 million to the teachers' pension fund as required Friday.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

The Midwest Economy Index declined to 0.51 in May from 0.72 in April, the Federal Reserve Bank of Chicago said Friday.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

The Illinois governor says he will keep lawmakers in session until a budget agreement is reached.

A proposed ordinance calls for Chicago to funnel more money to two pension funds without state action.

A court decision on Illinois Medicaid bill payments could come on the last day of a special session.

Illinois House Democrats laid out a $36.5 billion fiscal 2018 spending plan.

Lawyers for Medicaid recipients will ask a judge to order Illinois to pay nearly $1.1 billion more a month.

Chicago Public Schools closed on the private placement of $112 million of grant anticipation notes.

Illinois house leaders continued to negotiate on budget and policy issues with the clock ticking.

DIXON, Ill. -- The county continues to work out plans to build a new law enforcement center, but recent estimates show the jail will cost more than estimated, and there will be less money than projected to pay for it.