Midwest

Standard & Poor's upgraded its rating on South Dakota to AAA, giving the state one of only a handful of prized top ratings.

Chicago’s chief financial officer, Lois Scott, and municipal market participants, look back on her tenure as she prepares to leave the office after four years.

Michigan Gov. Rick Snyder is making a three-city campaign swing Monday as part of a last-minute bus tour urging voters to approve a controversial sales tax increase on Tuesday’s ballot.

Chicago's chief financial officer, Lois Scott, formally submitted her resignation Friday.

Moody's Investors Service has stripped a suburban Chicago suburban park district of its investment grade rating due to concerns it will default on near term debt service payments.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

Michigan Gov. Rick Snyder says the Detroit schools can't move forward if burdened by their current "crushing" debt load. To that end, the governor wants to divide the Detroit school district into two entities.

Hoosier lawmakers went down to the wire Wednesday in crafting a new budget, passing a $31 billion, two-year budget just one minute before a midnight deadline.

Chicago’s CFO, Lois Scott, is promoting the city's new plan to take on $200 million of new debt to pay for canceling interest-rate swaps and to phase out debt restructurings.

Chicago will phase out the use of scoop-and-toss debt restructuring, convert a $900 million floating rate portfolio to fixed and exit the attached interest rate swaps under measures announced by Mayor Rahm Emanuel Wednesday.