Midwest

Detroit Mayor Dave Bing, who ran the city amidst its most tumultuous period, said Tuesday he won't run for re-election – but said he is eying a bid for Wayne County Executive's office.

Moody's Investors Service has upgraded HealthPartners Inc.'s rating one level to A2 in recognition of its improved operating performance.

Fitch Ratings last week downgraded Kalamazoo, Mich. to AA from AA-plus, saying the city faces a myriad of challenges.

The Detroit branch of the National Association for the Advancement of Colored People filed a lawsuit Monday saying Michigan's new emergency management law violates the voting rights of African Americans.

Gov. Mike Pence last week signed into law a measure that will allow the Indiana Motor Speedway to issue $100 million of bonds backed by a new state credit.

Standard & Poor's has raised its rating by one notch on Riverside Health System to A-plus due to its leading market position and improved balance sheet.

Chicago City Council member Brendan Reilly said this week he has consulted with public finance experts in an exploration of how the city could finance a buy back of the parking meter system from private operators.

A retirement party for Wisconsin's longtime capital finance director Frank Hoadley takes place Wednesday in Madison. Hoadley retired at the end of February after 25 years managing the state's debt issuance.

Illinois Gov. Pat Quinn's proposed $62.4 billion fiscal 2014 operating budget won the endorsement of a local government watchdog group, tempered by alarm over the state's mountain of unpaid bills and pension crisis.

Putting bondholders on notice, Detroit Emergency Manager Kevyn Orr said restructuring the city's debt is essential to the city's survival and outlined four options he is currently considering in a new report released Sunday.