Midwest

First-term Chicago Mayor Rahm Emanuel is banking on billions of infrastructure investment and government operating reforms, with some help on both fronts from the private sector, to help re-invigorate the city's economy.

CHICAGO — The Cook County Forest Preserve District, which boasts 68,000 acres of open space in the Chicago area, is selling bonds to entice more Chicagoans to camp out, among other things.

CHICAGO — Michigan starts the week off with a three-day pricing of a $3.3 billion unemployment-obligation assessment revenue bond issue in the largest deal of the year so far.

CHICAGO – A review of secondary market trade data and credit default swap spreads on Wisconsin paper detected some market anxiety leading up to Tuesday's recall election of Gov. Scott Walker, but it did not reveal any widespread angst or change in the value of a state general obligation bond, according to figures compiled by Interactive Data Corp.

Michigan officials said that an upcoming bond deal that is critical to keep Detroit's finances stable will be derailed if city officials proceed with a lawsuit challenging the city's recent consent decree with the state.

CHICAGO — Illinois received a reprieve from Standard & Poor’s Wednesday over its failure to act on pension reforms during its spring legislative session, but the agency renewed its message that the clock is still ticking on its negative view of the state and its mammoth pension woes.

CHICAGO — Wisconsin Gov. Scott Walker survived a historic recall election Tuesday that was sparked last year by his move to curtail unions’ collective bargaining rights.

CHICAGO — Michigan legislators Tuesday sent Gov. Rick Snyder the final piece of a $48.2 billion all-funds fiscal 2013 budget that reflects the state’s stabilizing fiscal position.

CHICAGO — Indiana budget officials will hire Deloitte to conduct an audit into how the state’s Revenue Department lost track of $526 million of tax revenue in a pair of high-profile accounting errors that embarrassed Gov. Mitch Daniels’ administration.

The Metropolitan Pier and Exposition Authority of Illinois hits the market with $844 million of revenue bonds in a deal that will raise new money for projects, generate double-digit refunding savings, and accomplish the second leg of an ongoing restructuring of its debt service schedule.