Midwest

Richard Ravitch, James Spiotto and Lois Scott are among the municipal leaders who've started an advocacy group to help local governments face what it describes as the "uncertain future" of public pension plans.

The only intermodal freight facility to ever take advantage of a special 11-year-old federal private activity bond program is back for a third round of financing.

Additional executive powers are being restored to Flint, Mich.'s mayor in a move backed by Gov. Rick Snyder to help the city deal with its water contamination crisis.

A Republican plan to put Chicago Public Schools on a possible path toward bankruptcy was declared dead on arrival, but resonated with the municipal bond market ahead of a deal Wednesday.

The Michigan Senate is expected next week to take up $28 million in emergency funding proposed by Gov. Rick Snyder to help Flint address its water contamination crisis.

The political bickering that’s driven the almost seven-month-old budget impasse in Illinois spilled into the public pension arena.

The headwinds for Chicago Public Schools intensified on Wednesday as one of its ratings sank deeper into junk territory and the state's minority Republican leaders mounted a takeover effort backed by Gov. Bruce Rauner.

Fitch Ratings said it has downgraded to B-plus from BB-plus approximately $6.1 billion of outstanding Chicago Board of Education unlimited tax general obligation (ULTGO) bonds

President Obama has signed an emergency declaration requested by Michigan Gov. Rick Snyder in the wake of a water contamination crisis in Flint.

High yields and a statutory lien on state aid are what the junk-rated Chicago Public Schools offer investors willing to overlook its precarious cash ledger, bleak budget outlook, and downward credit spiral.