Midwest

Newly fired Detroit Corporation Counsel Krystal Crittendon announced Monday she is forming an exploratory committee for a possible bid for mayor.

Detroit is expected this week to win a $25 million federal grant for a long-planned light-rail project along one of the city's main corridors.

Standard & Poor's last week raised the Chicago Housing Authority's issuer credit rating one notch to AA following criteria changes.

A Chicago Public Schools-appointed commission on school closures last week offered a preliminary recommendation that no high schools face shuttering.

DePaul University in Chicago won an upgrade from Moody's Investors Service Monday in recognition of its consistent positive operating performance and established student market.

The Illinois RTA accused American Airlines and United Airlines of avoiding $300 million in sales taxes over the last seven years by conducting some business in "sham" offices set up outside of Cook County.

Fitch Ratings put Illinois on notice Friday that its A level general obligation rating faces a downgrade without action over the next six months to solve its pension funding crisis.

Chicago named members of a special advisory panel charged with protecting the public's interest in a possible lease of Midway International Airport.

Michigan will see a revenue decline and only moderate job growth in 2013 but both should steadily grow over the next few years as the state continues to recover from its "lost decade," economists and state fiscal officials said Friday.

The Chicago Infrastructure Trust board approved the addition of six advisory members Thursday as it gears up to solicit private market interest in funding energy efficiency upgrades to city facilities and public schools.