Midwest

Chicago needs Illinois Gov. Pat Quinn to sign legislation overhauling two of its pension funds so it can move on to a more elusive fix for its other two funds, the city's Chief Financial Officer Lois Scott said Wednesday.

The Berea City School District in Ohio said that it can redeem $12.87 million of series 2009B certificates of participation designated as Build America Bonds because its subsidy payments were reduced due to sequestration.

St. Louis-based SSM Health Care heads into the market Wednesday with a $260 million sale that represents one piece of a roughly $1 billion debt restructuring aimed at streamlining and trimming the system's annual interest costs.

Kutak Rock LLP has added veteran public finance attorney Debbie Boye to its Chicago team.

U.S. Bankruptcy Judge Steven Rhodes tapped Martha Kopacz of Phoenix Management Services to act as a municipal finance expert witness reviewing Detroit's bankruptcy exit plan, and Richard Ravitch as a consultant to the court.

The judge overseeing Detroit's bankruptcy ordered the city back into mediation with limited-tax GO bondholders and water and sewer holders in a renewed effort to reach settlements.

Leaving a temporary 2011 income tax hike in place combined with a December pension overhaul would put Illinois in position to stabilize its deteriorated credit, Moody's Investors Service said in a new commentary.

A federal appeals court on Friday upheld Wisconsin's law limiting collective bargaining rights.

Standard & Poor's has revised its outlook on Rush University Medical Center Obligated Group’s A rating to positive from stable.

U.S. Bankruptcy Judge Steven Rhodes was expected to make a quick announcement of his choice for a municipal finance expert to help him analyze the feasibility of Detroit's bankruptcy plan.