Midwest

Illinois paid more to borrow in Wednesday's bond sale compared to last year, though yields narrowed from recent trading levels.

S&P Global Ratings lifted Moberly, Missouri, out of speculative grade with a four-notch upgrade.

Ohio Higher Educational Facility Commission will issue $105 million of tax-exempt revenue bonds on behalf of Case Western Reserve University.

The payment of interest penalties lags as Illinois works to repay its mountain of bills.

FirstEnergy Corp. has reached a settlement with bond holders of pollution control notes issued by its bankrupt subsidiary FirstEnergy Solutions.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

A recount of ballots cast earlier this month on the Fort Madison School District's $30 million general obligation bond referendum yielded no change in support.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.

Northeastern voters will go back to the polls May 8 to decide whether to support $119 million in new schools in the district.

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.