Midwest

Chicago Mayor Rahm Emanuel rolled out a new leadership team for the fiscally beleaguered Chicago Public Schools that will be led by his recently appointed chief of staff, Forrest Claypool.

Ohio-based boutique investment firm Lancaster Pollard, which specializes in health care and housing, has a new leadership team.

lllinois' Senate Democrats pushed through a one-month $2.26 billion budget and overrode Gov. Bruce Rauner vetoes on $2.3 billion of spending in their fiscal 2016 budget.

Morgan Stanley on Wednesday priced Chicago's $746 million of taxable general obligation securities with the deal's long bond paying a yield 485 basis points over the 30-year U.S. Treasury rate.

The board of Cook County, home to Chicago, approved a controversial sales tax increase that will go largely to fund the county's troubled pensions system.

Nebraska relies on Chapter 9 as a quick and easy way to restructure troubled special taxing district debt.

Former Cook County CFO and Illinois Rep. Henry Woods “Woody” Bowman died in a car crash in Michigan on July 10.

Chicago shouldn't expect much of a break for resolving its credit deterioration-driven liquidity crisis when it sells $1.1 billion of tax-exempt and taxable bonds this week, as investors await a resolution on more daunting pension funding and budgetary ills.

One day after signing into law a new, two-year $72.7 billion state budget, Wisconsin Gov. Scott Walker on Monday formally launched his bid for the Republican nod in the 2016 presidential contest.

Chicago Public Schools is banking on $500 million in state pension help to avoid deeper cost cuts and more borrowing in fiscal 2016, officials said Monday as they released neighborhood school budgets.