Midwest

The Illinois General Assembly’s Democratic majority failed Wednesday to override Gov. Bruce Rauner’s veto of a $721 million bill that would have provided aid for cash-starved community colleges and low income student grants.

Financial and legal firms that do bond work for Chicago’s sister agencies would face greater diversity disclosure requirements under a bill introduced last month to the Illinois General Assembly.

Wayne County, Mich.’s books are back in the black for the first time in eight years and the county will soon ask to be released from a state consent agreement, county Executive Warren Evans says.

Illinois’ latest tax revenue projections add another degree of difficulty to its already intractable budget deadlock.

Chicago-based Roosevelt University lost one of its investment grade ratings as it struggles with operating deficits driven by the strains of enrollment losses and a hefty debt load.

A bipartisan bill that would provide $220 million of federal funds to Flint, Mich., as well as any other community facing a drinking water emergency, appears to be is stalled in the Senate.

Ferguson, Mo.’s already junk-level rating was placed on review for downgrade because of threats to the city's solvency after it rejected a negotiated consent decree with the U.S. Justice Department for the tactics of its police department.

The Northern Indiana Commuter Transportation District is issuing $89.1 million in tax exempt limited obligation revenue bonds to fund the installation of the federally mandated positive train control to its existing rail infrastructure.

Ohio State University hits the market with its first sale under a $1 billion borrowing program that will use an offering statement style in the same vein as corporate shelf registration that will allow it to sell multiple issues with the same documentation.

The Chicago Teachers Union threatened to strike as soon as next month over Chicago Public Schools' plan to phase out its coverage of teachers' pension payments.