Midwest

Illinois plans to sell $1.5 billion of highly-rated unemployment bonds in Mid-July to repay federal government while Gov. Pat Quinn intends to sign a new $33.7 billion budget on Saturday as state closes out fiscal 2012 owing as much $9 billion in unpaid obligations.

Delaware, Illinois, Massachusetts, New Jersey, North Carolina, Pennsylvania and South Carolina are about close to blowing a deadline for adopting a fiscal 2013 budget.

Michigan officials Friday were hoping to win an extension from Bank of America Merrill Lynch on the payment due date on $80 million of privately placed notes to win more time to settle a dispute with Detroit and move forward with a planned refinancing.

Illinois State Toll Highway Authority board approved a pool of four financial advisory firms as it gears up to begin borrowing for a $12 billion capital program.

Seven States are two and a half day away from blowing a Saturday deadline for adopting a fiscal year 2013 budget.

Chicago-based veteran bond attorney William Corbin returns to roots at Chapman and Cutler from Perkins Coie

Moody's calls Illinois legislation setting charity care guidelines for not-for-profit hospitals positive for the sector's credit health

Cook County, Ill. President Toni Preckwinkle unveils a budget projecting a $267 million shortfall. She says it's the smallest deficit since she took over.

Moody's Investors Service has revised its outlook on Meriter Hospital's A1 rating to negative from stable ahead of a private placement of debt.

Moody's Investors Service has lowered the Duluth, Minn., Independent School District No. 709's underlying general obligation rating to Baa1 from A1 ahead of its upcoming new-money debt issuance. The agency also assigned a negative outlook to the credit.