Midwest

JPMorgan, ranked second among senior managers last year, is losing about six mid- and senior level public finance bankers through a mix of departures, retirements, and one cut, according to industry sources.

Unions have weighed in with their brief as the Illinois Supreme Court prepares to hear oral arguments March 11 in the state's appeal of a lower court ruling voiding the legislative package that cut benefits for four of the state's five pension funds.

Minnesota's latest revenue forecast added another $800 million to a projected surplus, more than doubling the extra revenue expected in the next biennium.

Standard & Poor's revised its outlook to positive on Moberly, Missouri’s B issuer credit rating in the city's first good rating news since the sucralose factory debacle that cost it investment-grade ratings.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

Missouri Gov. Jay Nixon named aide John Watson Friday to temporarily serve as state auditor following the suicide of Tom Schweich.

Moody's affirmed its junk ratings but revised its outlook to stable from negative on the Pontiac, Michigan school district, where a 2013 default made it one of the few school district to default in the nation.

Chicago's latest rating downgrade paints the city further into a financial corner; Moody's Investors Service dropped the Windy City one notch to Baa2 from Baa1.

Ohio Gov. John Kasich is pushing lawmakers to continue to chop away at the state's income tax rate, offsetting the loss with an increase in so-called consumption taxes.

Michigan lawmakers have sent Gov. Rick Snyder legislation that patches an estimated $420 million current-year shortfall coming from business tax credits.