Midwest

A coalition of reformers charged with making recommendations to Gov. Rick Snyder to overhaul the troubled Detroit school district wants the state to take over the district's general fund debt payments, which total $53 million a year.

Standard & Poor's raised its rating on Silver Cross Hospital in Illinois by one level to BBB as it prepares to pull its rating at the hospital's request.

Moody’s Investors Service said it considers Illinois Gov. Bruce Rauner’s appointment of a task force to look at local government consolidation and overhauling unfunded mandates to be a positive credit measure

Indiana lawmakers scrambled Monday to stop financial fallout from a controversial bill signed into law by Gov. Mike Pence last week.

A Detroit-based coalition is set to release Monday afternoon a series of recommendations that Michigan Gov. Rick Snyder will use to help guide a high-profile reform of the troubled Detroit school system.

A Missouri city is asking a state judge to void its contract with the Missouri Joint Municipal Electric Utility Commission in the latest push back from local governments angry over higher energy costs tied to the controversial Prairie State coal plant project.

The Illinois Municipal Electric Agency heads into the market as soon as Tuesday with a $585 million revenue bond issue that will refund debt sold to help finance its participation in the controversial Prairie State coal-fired project and for an ownership stake in a Kentucky-based coal plant.

Illinois Gov. Bruce Rauner signed legislation Thursday to fill a $1.6 billion gap in the state's current-year budget largely with a one-time funding fix.

Illinois Gov. Bruce Rauner said he was sign “as quickly as possible” legislation that fixes a $1.6 billion hole in the current budget with a one-time funding fix.

Officials building a long-stalled fertilizer plant in Indiana hope that the fifth time is a charm when it comes to having to remarket $1.2 billion of short-term notes before rolling it over into long-term debt.