Midwest

Chicago hits the market Thursday with $784 million of new-money and refunding Midway Airport bonds that will nearly wrap up a restructuring aimed at strengthening its debt portfolio.

The Illinois House heads into its final week at an impasse over a fiscal 2015 budget after rejecting on Friday a budget stripped of more than $3 billion of income tax revenue.

Martha Kopacz, municipal finance expert witness to the Detroit bankruptcy case, asked the court Friday to force the city and Ernst & Young to turn over key documents that they have so far refused to release.

The Madison Metropolitan Schools lost its top rating from Moody's Investors Service after a review prompted by the rating agency's shift in its local government general obligation rating methodology.

A not-for-profit St. Louis group raised the possibility of referendum drive to try to challenge the Legislature's override of Gov. Jay Nixon's veto of an income tax cut.

Bond insurer Syncora Guarantee’s appeal of a key Detroit bankruptcy matter was assigned to a judge Thursday.

The St. Louis Board of Aldermen signed off on an amended redevelopment agreement related to the city's bondholder-owned convention center hotel complex that helps clear the path for the complex's sale.

Ohio's controversial income-tax overhaul legislation, which critics have said could hurt local governments, is on hold until after November elections.

The president and chief executive officer of the company that operates a controversial mostly bond-financed Midwestern coal plant has resigned and a national search for a replacement is planned.

The Michigan House Thursday overwhelmingly and speedily passed legislation aimed at resolving Detroit's bankruptcy and creating oversight for the post-bankrupt city as it exits bankruptcy.