Midwest

After a massive restructuring of Pontiac, Mich., emergency manager Louis "Bud" Schimmel says he's ready to retire after tackling one last obstacle: the city's retiree health care debt.

Illinois Gov. Pat Quinn and Indiana Gov. Mike Pence opened a forum aimed at luring private contractor and investment interest in a proposed $1.3 billion expressway linking the two states.

A pension reform plan endorsed by leaders of Illinois' public universities and touted as a potential model for an overhaul of the state's other funds received a hearing last week.

Illinois Comptroller Judy Baar Topinka has asked the state Attorney General to investigate Washington Park due to its failure to submit annual financial reports for the last seven years.

Standard & Poor's issued a AA-plus rating to St. Louis Metro transit system's new, combined sales tax lien ahead of a planned $375 million refunding.

The Illinois debt manager and finance team have met with more than 100 investors over the last week ahead of a $1.3 billion general obligation sale into a jittery market.

University Hospitals, one of Cleveland's largest systems, wants to acquire nearby EMH Healthcare.

Detroit's restructuring plan illustrates how unfunded pension and health care liabilities threaten bond insurers, Moody's Investors Service said in a comment Monday.

The Wisconsin Legislature Friday sent Gov. Scott Walker a two-year, $68 billion budget that cuts income taxes by $650 million and authorizes $1.8 billion in new bonding.

Posey County, Ind. will bring nearly $1.3 billion of short-term refunding debt to market for a controversial fertilizer plant after the state dropped its support.