Midwest

Detroit Mayor Dave Bing told the City Council last week that contrary to earlier projections, the city would not run out of cash by April.

Indiana has become the fourth state in the country to reach an agreement with Amazon.com Inc. for the retail giant to collect state sales tax on Internet purchases.

With one of its two hub airlines in bankruptcy, Chicago officials breathed a bit easier last month when Moody’s Investors Service affirmed its ratings on Chicago O’Hare International Airport’s $5.6 billion of general airport revenue debt.

Moody’s Investors Service has upgraded Lake County Community College District 532’s rating to Aaa from Aa1.

Faced with the headwinds of negative credit action, Illinois is hoping to see demand from investors whose state paper holdings were paid off over the last year and recognize the state's fiscal strides as its offers $800 million of general obligation bonds on Wednesday.

The Indiana Finance Authority has issued a request for qualifications from legal firms interested in serving as transaction counsel on the state's portion of the $2.6 billion bi-state Ohio River Bridges project.

CHICAGO — Indiana's chief budget official is stepping down.

Illinois' move to raise new revenue through an income-tax hike last year could not stave off a downgrade Friday by Moody's Investors Service, which cited the state's failure to address its massive unfunded pension obligations and chronic bill-payment delays.

Primary market volume for the week appears to be less than some in the industry expected following last week's paltry pickings. But this should be positive for pricing and involve less need to unload paper.

Seattle-based Perkins Coie LLP has hired a trio of public finance attorneys who will work out of the firm's Chicago office to help expand its health care business.