Illinois

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

Gov. J.B. Pritzker denounces the move as right-wing attack to harm the state's improved standing in municipal market.

Municipal bond buyers are taking a second look at new issues with 3% and 4% coupons against a backdrop of what has been a strong traditional preference for 5% bonds.

Investor confusion about Harvey, Illinois, and a local library district contributed to a municipal advisor and broker-dealer facing Securities and Exchange Commission charges in a bond offering gone wrong.

The city expects to save about $22 million in fiscal year 2020 from terminating the programs, Mayor Lori Lightfoot said on Thursday.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

Submissions are now open for the Bond Buyer’s fourth class of Rising Stars, an honor which showcases the brightest young minds in the municipal bond industry.

Cook County, Illinois president says new taxes or fees are on table to close the shortfall.

The new Chicago mayor traveled to New York City this week for a series of "meet-and-greets" with political and financial players.