Illinois

Other debts are piling up that could make it harder to craft a solution favorable to holders of the affordable housing bonds, the trustee said.

The judge overseeing Preston Hollow Capital's anti-trust lawsuit against Nuveen could rule any day on the claims.

It marked the fifth dispersal from a Federal Aviation Administration program that will provide $3.18 billion for airport improvements.

Illinois Gov. J.B. Pritzker’s first-year administration is not yet ready to tinker with the state’s underwriting pool for negotiated municipal bond sales.

Reports from S&P Global Ratings and Moody's Investors Service highlight fiscal strains Chicago, Illinois and some local governments face.

Associate Director, S&P Global Ratings

More than 300 market participants, including 100 investors, attended the city's annual conference Friday to hear from Mayor Lori Lightfoot.

The latest garnishment request comes as a task force on downstate and suburban public safety fund consolidation nears recommendations.

Mayor Lori Lightfoot's administration faces an $838 million budget gap as the city prepares to host investors at its annual buyside conference Friday.

Moody's shifted its rating outlook to negative from stable on the Chicago Catholic Archdiocese.

City tours, panel discussions, and remarks from the mayor and chief financial officer are planned.

A new legal bulletin was requested by SEC Chair Jay Clayton after he observed lawyers noting that some platforms put financial disclosure under more scrutiny.

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

At a bond lawyer conference, lawyers said they've seen increased interest in self-reporting.

“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

PHC not seeking financial damages, instead wants permanent injunction to cease alleged conduct.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.