Midwest

Michigan lawmakers passed a $330 million mid-year 2014 budget supplemental bill last week that features more road money for local governments hit hard by the harsh winter.

The weight of Chicago's credit woes has driven a fresh round of downgrades for the Chicago Board of Education and Chicago Park District.

Six months after first announcing a deal, bankrupt Detroit is still struggling to secure a key debtor-in-possession loan with Barclays.

Wisconsin plans to come to market as soon as March 20 with nearly $400 million of new money and refunding transportation revenue bonds.

Illinois finished out its last fiscal year with the worst overall net financial position of any state reviewed by the state auditor general after the release of the state's comprehensive annual financial report, or CAFR.

Indiana lawmakers wrapped up their 2014 legislative session after passing a handful of controversial bills, including one that advocates for local governments say could hurt local government revenue.

Chicago pared down some of the expected interest rate penalty on its $880 million general obligation bond sale by drawing dozens of new investors in a market starved for issuance but still paid a steep price for its blemished credit.

Chicago received $3.6 billion of orders on its $884 million general obligation bond issue Wednesday that marked its first outing with GOs tarnished by two triple-notch downgrades and a drop into the Baa1 category.

The Illinois Finance Authority board signed on Centegra Health System's plans to borrow $200 million for a new hospital and an agreement to assist with obtaining ratings on a financing tied to the proposed Illiana toll road.

Ohio lawmakers Wednesday will begin to consider Gov. John Kasich's budget legislation that would cut income taxes $2.6 billion over three years and offset the costs with increases in taxes on tobacco, business, and oil and gas producers.