Midwest

The potential liquidity crisis triggered by another rating agency’s downgrade to junk was a short term headache Chicago could handle, according to the Kroll Bond Rating Agency, which affirmed the city.

The Illinois Senate returns to work Tuesday for a discussion on the state’s property tax system with Gov. Bruce Rauner pushing for a local freeze as a condition to ending a budget stalemate.

Indiana will continue to suspend all work and contracts tied to the $1.5 billion Illiana Corridor toll road until the fate of the controversial project becomes clear in cash-strapped Illinois.

Cook County's CFO said Moody's has been "more bearish" on the Chicago area than the other ratings agencies for years, and that he was disappointed but not surprised by the latest downgrade.

A financing package that relies on $250 million of public support to build a new $500 million arena for the National Basketball Association's Milwaukee Bucks is headed to state lawmakers.

Strapped for cash, the Missouri Highways and Transportation Commission is looking to private industry, entrepreneurs, and innovators to come up with ideas to upgrade a stretch of its historic Interstate 70.

The Wayne County, Mich. board Thursday rejected a proposal to cover a court-ordered pension payment with a special property tax levy, voting instead to dip into a delinquent revolving tax fund.

Michigan lawmakers have approved a bill to fix an election snafu in Flint that wiped off every mayoral candidate off the primary ballot.

Moody's Investors Service pushed a small Ohio hospital deep into junk territory amid a variable-rate debt-driven liquidity crisis and after a proposed merger with the state's largest provider fell through.

Moody's Investors Service dropped Steele County, Minn.’s general obligation rating by four levels due the strain of enterprise systems and a senior living facility on its balance sheet.