Midwest

Standard & Poor's socked the already junk-rated Chicago Board of Education with a two-notch downgrade Friday as the fiscally embattled district prepares to come to market later this month.

Michigan Gov. Rick Snyder is requesting a federal emergency declaration and supporting a shift of more executive powers back to Flint Mayor Karen Weaver as the city grapples with a water crisis that could cost more than $1 billion to fix.

The Los Angeles Rams' planned stadium in Inglewood, Calif. is a credit positive for the city, Moody's Investors Service said.

The Detroit Public Schools could see a fiscal fallout if organized “sick-outs” by some teachers are prolonged, Moody’s Investors Service warns in a new report.

Illinois paid higher yield penalties than it did before its budget fell into gridlock when it competitively priced a $480 million general obligation issue.

Indiana lawmakers are considering three competing proposals to provide additional funding for state transportation projects.

The Chicago City Council signed off on a $2.45 billion borrowing package that was temporarily trimmed by $800 million due to council members’ questions over capital projects and the administration’s swap termination plans.

The St. Louis Rams beat out two other National Football League franchises and won the league’s permission to relocate to the Los Angeles area, where they plan to build a stadium in Inglewood.

Pricing results on Chicago’s $500 million general obligation refunding and restructuring bond pricing Monday showed narrower spread penalties for the first such deal from the city since a large property tax increase.

Missouri will go ahead with planned road work with unexpected jump in gas tax revenues and a five-year extension of federal highway funding.