Midwest

Michigan lawmakers passed a new law for distressed communities that gives them the option of choosing a Chapter 9 bankruptcy, which has never happened there.

Moody's Investors Service revised its outlook on Illinois to negative from stable, the latest in a series of blows to the state's already-low credit due to its massive unfunded pension obligation.

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

After considering a lease of the Ohio Turnpike to private investors, Gov. John Kasich Thursday said he wants to keep the asset in public hands and hopes to issue $1.5 billion of bonds backed by future toll revenue.

Gov. John Kasich Thursday is expected to unveil his long-awaited plan to wring cash out of the Ohio Turnpike, a 241-mile toll road that is one of the state's most lucrative assets.

Voters in Williston, N.D. rejected a $55 million local school district bond proposal that was the district's first since 1955 and a "last resort" to deal with an enrollment spike tied to the state's historic oil boom.

The Illinois Finance Authority gave initial approval to a $120 million financing tied to the installation of an automated open payment fare collection system for the Chicago Transit Authority using a unique structure.

The Chicago BOE will refund $110 million of general obligation bonds for budget relief that will help fund the new teachers' contract inked earlier this year that ended its first strike in more than two decades.

The Detroit City Council Tuesday reversed an earlier vote and narrowly approved a controversial three-year legal contract with public finance firm Miller, Canfield that state officials said is necessary for the release of bond proceeds.

The Indiana Finance Authority is selling $1.26B of Midwestern Disaster Area Bonds, in the special private activity bond program's largest issuance to date and one of two such deals this week for new fertilizer plants.