Midwest

Wayne County has abandoned work on a $300 million bond-funded new jail in downtown Detroit and formed a task force to study alternatives for the site and the project’s cost overruns.

Warning that the state's top ratings and spending on public services are endangered, Missouri Gov. Jay Nixon campaigned against a possible override of his veto of a tax cut bill.

A panel Thursday postponed setting tolls for the Kentucky, Indiana Ohio River Bridges Project, and the delay could affect Kentucky’s bond sale later this year.

The emergency manager of Hamtramck, a small town surrounded entirely by Detroit, began implementing her financial plan to revive the city by firing a trio of top city employees and cutting the City Council’s pay.

Oakland County’s delay on its $350 million bond deal originally set for next week has nothing to do with Detroit, a top executive said Wednesday.

Michigan Wednesday launched a financial investigation into two more local governments in the metro Detroit region.

Detroit emergency manager Kevyn Orr and the bankrupt city's investment banker said in depositions that the need to access casino revenue drove tense negotiations with interest-rate swap counterparties.

Increased debt service from Illinois’ recent round of borrowing is coming closer to exhausting revenues available in a special capital projects account, a report said.

Kentucky and Indiana will set tolls for the $2.6 billion Ohio River Bridges Project, which will support Kentucky bonds selling this year.

Oakland County, Mich., may delay a $350 million bond sale set for next week.