Midwest

Chicago’s proposed $8.2 billion 2017 budget won the Civic Federation of Chicago’s endorsement in recognition of the city’s progress in tackling pension funding shortfalls and shedding poor financial practices.

The Midwest’s voters will decide on an array of bond and tax questions requesting new funding for schools, infrastructure, transit, and highway projects and fill key leadership roles.

A federal appellate panel dealt a setback Monday to the proposed merger of two Illinois based systems -- Advocate Health Care and NorthShore University HealthSystem.

Illinois heads back into the market Thursday with investors and analysts looking ahead to the Nov. 8 election because the outcome of legislative races could influence the state’s longstanding budget gridlock.

Illinois’ state capital took a two-notch credit blow over its growing pension burden.

Two federal judges who helped navigate Detroit’s historic bankruptcy will join a Miller, Canfield, Paddock and Stone principal to launch a downtown Detroit office of Judicial Arbitration and Mediation Services.

Michigan’s Muskegon Heights School District is ready to transition out of emergency management after shaving nearly $10 million of its deficit in the four years since it’s been under state oversight.

Two decisions in recent days pave the way forward for lawsuits against the state of Michigan and its officials over Flint’s water contamination crisis.

Stand-alone Chicago-based Swedish Covenant Hospital was affirmed by one rating agency and dropped one notch to BBB by another ahead of its $120 million new money and refunding sale.

Construction delays and related payment risks on an Indiana public-private partnership highway project prompted Fitch Ratings to drop bonds issued for the project three notches to B.