Illinois

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

The massive deal planned for August will bring debt from the former Dignity Health and Catholic Health Initiatives into a single credit group.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

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.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

The junk-rated district's latest cash flow issue was nearly eight times oversubscribed as it trimmed rates substantially from previous sales.

Moody's is bullish on the state's budget and capital bills, less so on gambling expansion and recreational marijuana

New Mayor Lori Lightfoot shows a commitment to maintaining investor relations that helps the city's access to the bond market

The court put off a formal ruling for 10 days but made clear it expects to lift the confidentiality seal on bank transcripts with only limited redactions.