Midwest

Mike Duggan, the former CEO of the Detroit Medical Center and a former Wayne County prosecutor, was expected Tuesday night to make official his mayoral bid, as the threat of a state takeover looms.

Moody's Investors Service affirmed its A1 rating on the city of Canton, Ohio and removed the negative outlook.

Detroit Mayor Dave Bing announced last week that deputy mayor Kirk Lewis left the administration for a job in the private sector.

Citizens Energy Group, which bought Indianapolis' water and sewer system in 2011, is asking the state regulatory commission for rate increases to finance $560 million in capital improvements.

The Illinois Finance Authority board advanced a handful of small direct or private placements for an array of not-for-profits.

Illinois Attorney General Lisa Madigan's office argued in state court that state constitutional protections against impairing retiree pensions don't extend to healthcare benefits.

Peabody Energy Corp., which led efforts to develop the mostly bond-financed, joint power agency-owned Prairie State Energy Campus, has received a subpoena from the Securities and Exchange Commission on the coal-fired plant's development.

Illinois entered the New Year with a backlog of $9 billion in unpaid bills and the strain shows no sign of ebbing, according to reports published Monday.

The long-struggling city of Flint, which has been under emergency management for more than a year, is selling nearly $60 million of speculative-grade bonds on behalf of Hurley Medical Center, a city owned facility that serves as the local safety net provider.

Chicago received 16 responses in its first market outreach to identify prospective bidders in a possible deal to privatize Midway International Airport, according to the city's chief financial officer Lois Scott.