Markets

The program heads to the Financial Review Commission and the Michigan Finance Authority for approval.

Municipal bonds finished weaker on Tuesday as deals from Florida and New York priced ahead of Illinois' $4.5 billion sale slated for Wednesday.

Chicago Public Schools will ask its board to OK up to $1.1 billion of borrowing Wednesday.

Comptroller Susana Mendoza wants lawmakers to override Gov. Bruce Rauner’s veto of the Debt Transparency Act.

Municipal bonds were mixed at midday as several large deals hit the screens on Tuesday.

The petition calls the $1.25 billion budget-balancing move unconstitutional.

Service sector activity “continued to see growth in October, with a slight increase in the revenues index.”

Manufacturing in the central Atlantic region “remained positive in October.”

Action revs up on Tuesday in the municipal bond market as several large deals get set to hit the screens while traders eye yields ahead of the big Illinois sale on Wednesday.

The region's non-manufacturing sector “reported continued growth,” although the general business conditions index decreased to 32.2 in October from 33.2 in September.