Midwest

Gage County had consulted a bankruptcy attorney, who told officials it wouldn't qualify for Chapter 9.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

The city is also considering its first general obligation bond issue since 2017.

Only two Michigan school districts remain under state oversight.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

Democrat Gretchen Whitmer and Republican Bill Schuette are running for the open seat of Michigan governor.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

School districts are asking voters for more than a billion dollars while the major candidates pledge more K-12 funding.

The state is ready to go with a $362 million forward refunding of appropriation-backed debt.