Midwest

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 Investors Service said the uptick in prepaid gas volume reflects a wider spread between tax-exempt and taxable yields.

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.

Saint Mary's College, a sister school to the University of Notre Dame, will sell $27 million of new money bonds and $15 million to refund debt.

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.

IFA is restating its current bond trust indenture as it finalizes a drawdown loan of up to $436 million provided under WIFIA.