Midwest

Bondholders' poor recovery relative to pensioners in Detroit was typical of municipal bankruptcies, as protecting the workforce has outweighed debt repayment in courtrooms across the nation.

Detroit-based law firm Clark Hill is expanding its public finance reach in Michigan with the acquisition of competitor Axe & Ecklund.

Chicago's junk-rated school district scheduled a public hearing next week on a request for $945 million of borrowing authorization.

Political gridlock has stymied attempts to overhaul pensions across the nation, most notably in the two lowest-rated states, New Jersey and Illinois.

The Gary/Chicago International Airport Authority may seek another round of bond funding after a year that saw operations increase following the expansion of its main runway.

Illinois' fiscal reckoning arrived after years of disguising its structural budget woes in large part by shortchanging its pension system, says a new piece from the Chicago Federal Reserve.

The city of Wayne, Michigan lost its investment grade rating amid struggles to erase red ink and faces further credit erosion as it veers toward state oversight.

Illinois officials are asking road builders for input on a P3 project to add toll lanes to an existing interstate highway.

Illinois will return to the market with $573 million of new money and refunding bonds under a higher-rated sales tax-backed credit.

Municipal bonds issued for Tennessee-based Global Ministries Foundation housing projects were placed on S&P Global Ratings' CreditWatch and could face rating downgrades because of uncertainty related to a federal investigation.