Midwest

The Chicago Transit Authority board signed off on a $1.3 billion contract for its rail that counts on a low-cost federal loan and approved the appointment of city debt manager Jeremy Fine as chief financial officer.

From a threatened teacher strike to an escalating state-level attack on its governance and borrowing powers, the barrage of bad news has not let up for junk-rated Chicago Public Schools.

Nebraska lawmakers and governor agree on a proposed $450 million infrastructure bank financed with gas tax revenues.

Genesee County, Mich., and the Karegnondi Water Authority’s A2 Moody's ratings remain intact despite the risk associated with Flint’s support for the new water system.

A labor-owned insurance company based in Washington, D.C.-based, has pledged $25 million in low-cost loans to aid the removal of lead in Flint, Mich.’s contaminated water supply, the city’s mayor said Sunday.

Ohio-based American Municipal Power Inc.’s planned launch of three additional hydroelectric units on the Ohio River in March and April are positive developments for its credit and the municipal electric utilities it serves, according to Moody’s Investor Service.

Water contamination-related lawsuits filed in Chicago and Flint, Mich. stand to influence the sector nationally as the cases draw more scrutiny to the dangers associated with older lead pipe-based systems, Fitch Rating says in a new report.

Bondholders banking on the Chicago Public Schools’ ability to stabilize its rocky finances lost ground this week as the district’s labor woes intensified and lawmakers advanced an attack on its governance structure.

Michigan Gov. Rick Snyder said he won't resign despite intensifying calls for him to step down.

Chicago-based Cabrera Capital Markets LLC has hired back Brian King, a former Chicago deputy comptroller, to lead a rebuilding and expansion of its public finance business after a fresh infusion of capital.