Midwest

Illinois Gov. Bruce Rauner pressed reluctant Democrats to get behind state pension legislation that would provide Chicago Public Schools with $215 million in one-time aid to avert an early end to the school year.

Resolution of Illinois’ budget crisis likely requires new revenue and spending curbs because natural economic growth alone isn’t enough to tackle the state’s massive debts, a Chicago Federal Reserve economist told lawmakers.

Syncora Guarantee Inc. is looking to partner with a developer to lead the overhaul of Detroit land it acquired as part of its bankruptcy settlement with the city in 2014.

Minnesota’s Republican leaders laid out their cards on transportation spending this week, but they remain in conflict with Gov. Mark Dayton’s proposal.

Columbus, Ohio-headquartered Huntington Capital Markets has hired public finance veteran Richard Hatton to head its public finance operation in Cincinnati.

The escalating feud between Illinois’ Republican governor and Democratic comptroller underscores the budget impasse that has undermined the state government’s finances.

Detroit’s plan to create a fund to address a pension hole left behind after its historic bankruptcy got a thumbs up from Moody’s Investors Service.

Cleveland-based MetroHealth wants to persuade Cuyahoga County to allow it to substitute a liquidity agreement for a debt service reserve fund on forthcoming bond deals.

Marengo, Illinois took a two-notch rating hit and faces the prospect of another over its pension strains.

Minnesota Gov. Mark Dayton announced a supplemental budget that adds about $150 million in new spending – including $100 million for early childhood education -- to his proposed $46 billion two-year budget.