Midwest

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Any change to the spending flexibility among governmental units that results from the court decision is likely to be incremental, according to Fitch.

Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.

The bonds will partially fund the Playhouse Square Foundation's 34-story luxury downtown apartment tower.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Gov. Bruce Rauner said he will sign the budget state lawmakers approved Thursday.

The legislation would empower the state treasurer to buy up to $2 billion in vouchers for bills the state has not paid.

Eric Greitens hands the reins of state government over to his lieutenant governor Friday.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.