Midwest

Bond insurer Syncora has asked to delay a key hearing on Detroit's proposed interest-rate swap settlement and debtor-in-possession financing.

The Illinois Finance Authority board gave a green light to two healthcare financings and renewed executive director Chris Meister's appointment for another year.

Indiana Gov. Mike Pence said this week he would sell the state plan and ask state agencies and universities for cuts to offset an unexpected $141 million budget shortfall.

Uncertainty related to Detroit's bankruptcy filing resonates among P3 players, according to Allen & Overy's Kent Rowey, who advises on many such deals.

Regional Transportation Authority of Illinois head Joseph Costello will retire from the agency where he has worked for the last two decades first as fiscal chief and then as executive director.

Standard & Poor's shifted its outlook on Illinois' general obligation outlook to "developing" from "negative" Tuesday following passage of a sweeping pension restructuring but warned the state is far from out of the woods fiscally.

A bankruptcy judge's ruling in Detroit that pensions aren't a distinct class from other creditors could bolster movement in that direction in the San Bernardino bankruptcy.

As Illinois girds for a promised legal challenge, backers of the state's newly minted pension overhaul believe the legislation can pass constitutional muster by what it offers public sector workers in exchange for benefit cuts.

Minnesota now projects a $1 billion budget surplus for its current two-year budget cycle thanks to higher taxes and the state’s ongoing economic recovery.

Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn last week announced plans for a nearly $500 million overhaul of the Chicago Transit Authority's rail transit line to O'Hare Airport.