Illinois

The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.

The mayor took the oath of office Monday and faces decisions soon about how to handle unfunded pension liabilities along with rising debt service and labor costs.

The governor's preliminary proposal relies on $17.8 billion of borrowing over six years.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Holders of $20 million of bonds received $3 million from the sale of the facility.

Preston Hollow can proceed with a lawsuit that accuses the municipal bond giant of a campaign of intimidation, a Delaware judge ruled.

Moody's shifted its outlook on six Illinois public universities to stable while upgrading two credits.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.