Midwest

Standard & Poor's, in a special comment, said it wants to see how serious Chicago is about fixing its structural budget deficit.

Standard & Poor's said it would wait to see the terms of Wayne County's consent agreement with the state before taking action on the junk-rated county.

Detroit's bankruptcy and Puerto Rico's default are similar to New York City's mid-1970s crisis, public finance veteran Richard Ravitch says.

Illinois Gov. Bruce Rauner is escalating pressure on Chicago Mayor Rahm Emanuel to help pass his agenda by offering up a sweeping fiscal fix for the Chicago Public Schools' pension woes.

Chicago's Midway International Airport is in line for $250 million in upgrades under a plan announced Thursday by Mayor Rahm Emanuel.

Standard & Poor's outlook on the University of Minnesota Regents' rating has dimmed due to pressures posed by the state flagship school's increasing debt load.

The Wayne County, Mich., board opted to enter a consent agreement with the state government, one of the four choices it had to deal with the county's financial emergency.

Detroit is nearing its first public bond sale since bankruptcy as it posted bond documents for the deal on Thursday.

Minnesota's flush coffers and structural budget balance led Standard & Poor's to revise its outlook on the state's AA-plus rating to positive from stable.

The U.S. Supreme Court has granted Illinois Attorney General Lisa Madigan's request for more time to consider whether to appeal the state's high court voiding a 2013 state pension system overhaul.