Midwest

Detroit expects to file a final plan of adjustment by the end of the year, months ahead of a proposed March deadline, attorneys for the city told the federal judge overseeing the bankruptcy case.

The federal judge overseeing Detroit's bankruptcy case may weigh in this morning on the city's one and only creditor settlement, which terminates a series of interest-rate swaps hedging its pension certificates.

Moody's Investors Service Thursday downgraded Wayne County, Mich., which includes Detroit, to Baa3, the lowest investment-grade rating.

A new analysis from Morningstar weighs in on the debate over the size of Detroit's pension liability, suggesting that current pension fund assumptions fall mostly within accepted industry standards.

Genesee County, Mich. reportedly pulled a $54 million water and sewer bond deal Thursday due to lack of investor interest in the bonds.

Chicago faces a $339 million gap in its next budget before its financial reckoning arrives the following year when public safety pension payments will spike by $600 million, according to new budget estimates.

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.

Kutak Rock LLP is adding Lance Tyson, who is returning to the firm after a 10-year absence during which he operated his own law firm and served as chief of staff to the former Cook County, Ill. Board president.

Illinois' House Speaker and Senate President filed a lawsuit against Gov. Pat Quinn Tuesday challenging his move to stop paying lawmakers in an attempt to pressure lawmakers to pass pension reforms.