Midwest

The Sixth Circuit Court agreed to postpone hearings on a series of appeals on the city's eligibility to enter into Chapter 9 after a group of labor creditors in the Detroit bankruptcy and the city asked for the delay.

Standard & Poor's revised its outlook to positive from stable on South Dakota, putting the AA-plus rated state on track for a prized triple-A rating.

Chicago heads into its 2015 budget season with a $297 million gap to close according to projections that delay the city's funding of a $550 million spike in police and fire pension fund contributions.

A rating boost affirms the ability of bond insurer Assured Guaranty to minimize its Puerto Rico exposure, according managing director John Hallacy.

The Wisconsin Supreme Court has upheld Gov. Scott Walker's controversial law that curbed most collective bargaining rights for public employees.

The Chicago City Council approved a 56% increase in the city's emergency services surcharge that's tacked on to phone bills, staving off the need for a $50 million property tax hike next year to cover the first year of higher contributions due under a pension reform plan.

Moody's Investors Service revised the Illinois Institute of Technology's outlook to stable, easing pressure on the rating that is at the lowest investment grade level.

A year after Detroit filed for bankruptcy, the city's decision to put pensioners above bondholders has created an uncertain recovery environment for the entire muni sector, according to Standard & Poor's.

Wisconsin will refund $257 million of general obligation bonds Tuesday and may add another $56 million of forward delivery refunding bonds if the market cooperates.

Construction of a bond-funded bridge project between Detroit and Canada that could cost as much as $4 billion advanced Wednesday when Michigan Gov. Rick Snyder and Canadian officials announced appointments to a pair of new authorities that will oversee construction and financing of the span.