Midwest

The Illinois House unanimously passed a bill that authorizes $5.2 billion in federal funds spending and allows the Metropolitan Pier and Exposition Authority to make debt payments, after Democrats abandoned efforts to tack general fund spending onto the measure.

Wisconsin took the first steps Wednesday toward putting together a team for about $200 million of borrowing planned for a new Milwaukee Bucks arena as Gov. Scott Walker signed into law the project’s public financing package.

Markham, Ill., faces a possible further downgrade of its junk-rated debt unless it releases updated financial information by Aug. 24, Standard & Poor's said Monday.

Moody’s Investors Service labeled the Metropolitan Pier and Exposition Authority's inability to make its monthly debt service deposit a “credit negative” for Illinois’ A3 rating.

Standard & Poor's credit view of Illinois' flagship public university has dimmed due to uncertainty over when the state will solve its fiscal 2016 budget impasse and how the school will fare in a final plan.

Wayne County's proposed consent agreement with the state requires the county to continue to make timely debt payments and enhances the government's power over collective bargaining.

Are a statutory lien and other state-crafted protections on Detroit's first post-bankruptcy bond sale enough for investors assessing the city's long-term recovery?

Wisconsin’s new capital finance director David Erdman is a familiar name to the public finance community that does business with the state.

Chicago Public Schools released a proposed $6.4 billion fiscal 2016 budget that pockets more than $300 million from one-shots and gambles on the state coming through with nearly $500 million in pension.

Detroit emerged from bankruptcy poised to rebuild through major infrastructure projects, former emergency manager Kevyn Orr said in Boston.