Illinois

Gov. J.B. Pritzker said the state can afford to keep paying for critical services as the coronavirus toll mounts.

Thirty-six firms made the cut, and eight didn't, when Illinois reviewed broker-dealer qualifications for new underwriting pools.

The city and state haven't put dollar amounts on what they need but both were already facing budget and pension stresses before the public health crisis struck.

Chicago Mayor Lori Lightfoot's administration is stressing the city's improved liquidity and jolt of refinancing savings provide a cushion to manage the near-term tax losses.

Other Midwest legislatures are canceling sessions or weighing early spring breaks to slow the spread of COVID-19.

The agency's deputy finance chief was promoted after CFO Michael Colsch's retirement.

Harvey, Illinois, is trying to reach settlements on legal claims being pursued by bondholders and on overdue Chicago water payments.

More than $1 billion of taxable and tax-exempt issuance is planned.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.