Midwest

The Detroit bankruptcy judge on Wednesday will consider a request from bond insurers and others requesting that a hearing on a controversial swaps settlement scheduled for Thursday be pushed back by at least 10 days.

South Dakota Gov. Dennis Daugaard last week signed into a law a bill authorizing the state's building authority to issue bonds to help finance a new $65 million football stadium at South Dakota State University.

Detroit Friday released details of a controversial $120 million loan with Barclays as ordered by the bankruptcy judge overseeing the case.

North Dakota Gov. Jack Dalrymple is considering a special session devoted to meet the infrastructure needs of the local governments grappling with the state's record oil boom.

A proposal sponsored by Illinois House Speaker Michael Madigan to impose an income tax surcharge on individuals with income above $1 million advanced to the full House Thursday.

Illinois Gov. Pat Quinn's proposal to make a 2011 temporary income tax permanent won praise from two key factions – the General Assembly's Democratic leaders and investors.

Detroit amended its interest-rate swaps deal to drop banks' requirement that it sign off on its plan of debt adjustment, and also said it would file an updated bankruptcy plan on Monday.

Illinois Gov. Pat Quinn says the state should permanently extend a 2011 "temporary" income tax increase that is set to expire next year, saying the alternative is dire cuts to education and state services

Detroit's proposed $120 million loan with Barclays, which would finance service improvements, advanced Tuesday after a key Michigan board approved the deal.

The Indianapolis Board of School Commissioners has authorized the potential refinancing of $59.6 million of Build America Bonds issued in 2010 because the subsidy payments to the issuer have been reduced due to sequestration.