Midwest

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

Illinois' $500 million sale next week offers a fresh view into the market's appetite for yield verses risk as investors digest a barrage of negative fiscal news from pension reform stuck in political muck to a warning that state coffers are running precariously low.

Minnesota Gov. Mark Dayton wants to overhaul the state's tax code, lowering but broadening the sales tax and raising income tax rates on top earners in his proposed $37.8 billion two-year budget.

Indiana would become the lastest state to considering floating bonds to pay off a massive federal unemployment insurance liability if the General Assembly approves a bill introduced last week.

Moody’s Investors Service last week downgraded to A1 from Aa3 its rating on West Clermont Local School District and affirmed its negative outlook on the suburban Cincinnati district.

Fitch Ratings last week downgraded the Howard Bend Levee District two notches to the lowest investment grade level rating.

After months of debate, Indianapolis Mayor Greg Ballard and leaders of the City-County Council have tentatively agreed to several proposals, including a pair of tax increases, to the city’s $1.1 billion budget.

Lawmakers as soon as Wednesday are set to begin debate on a series of bills to revamp the state's gaming and casinos laws in an effort to boost competitiveness with Ohio, Michigan, and Illinois casinos.

Chicago Cubs chairman Tom Ricketts unveiled a $300 million privately-financed renovation of the nearly 100-year-old Wrigley Field that could be paid for with new premium seating and additional advertising signage revenues, along with more night games and concerts.

The FAA has cleared the path for Chicago to consider privatizing Midway International Airport, allowing for its release of a request for qualifications from potential bidders.