Midwest

The judge overseeing Detroit's bankruptcy case Monday outlined 14 legal questions related to the city's plan of confirmation, three of which are related to Detroit's proposed treatment of its bondholders.

While a new budget took center stage, Illinois lawmakers also capped their recent session with an expansion of infrastructure programs and passage of an overhaul for some Chicago pensions.

Columbus Ohio is selling nearly $300 million in top-grade general obligation paper in a competitive sale Wednesday as part of the city's annual new-money borrowing.

Local Michigan general obligation bonds and Chicago debt represent pockets of risk in an otherwise-improving municipal bond market, Charles Schwab said Friday.

A bill to overhaul Cook County troubled pension funds died in the Illinois House on Friday, the same day that Fitch Ratings revised its outlook on the county's forest district to negative, due chiefly to pension challenges.

Illinois lawmakers wrapped up their spring session with passage of a new $1.1 billion capital plan for transportation projects and a $35.7 billion operating budget that relies on -one time fiscal maneuvers.

Fitch Ratings warned it would cut its rating on $5.7 billion of Detroit's water and sewer debt to as low as D if the bankruptcy court approves the city's current plan of debt adjustment.

A House representative has introduced a bill to an 11-bill package tied to Detroit's bankruptcy that would allow the city's mayor to sit on a key oversight board.

Emergency Manager Kevyn Orr said Detroit would be more attractive to Wall Street than ever once the bankrupt city emerges from Chapter 9 bankruptcy later this year.

Moody's Investors Service revised its outlook on Illinois Wesleyan University's Baa1 rating to positive due to its improved operating performance.