Midwest

The Internal Revenue Service is auditing $19 million of tax-increment refunding revenue bonds that were issued by Missouri's Florissant Industrial Development Authority in 2003.

CHICAGO — Washington University in St. Louis will enter the market Thursday with nearly $200 million of new-money and refunding revenue bonds that will help finance projects and introduce taxable bonds into the top-rated school's debt portfolio.

CHICAGO - Debate was expected to began Wednesday in the Wisconsin Assembly on a new budget, one day after the state's high court reinstated Gov. Scott Walker's budget repair bill that raised employee pension payments and health care premiums and curbed most public unions' collective bargaining rights.

CHICAGO - While its issuance levels recently have reflected the national slowdown, the Illinois Finance Authority is seeing some pickup in health-care deal flow with four issues for nearly $800 million in the works, including $533 million for the state's largest health care system and three direct bank purchases.

CHICAGO - One of Michigan's top bond firms has launched a program to help fiscally stressed local governments navigate a slew of new laws crafted by Gov. Rick Snyder and passed by the Legislature this year.

Moody’s Investors Service has upgraded Lake Geneva’s rating a notch to Aa2, citing its solid financial position.

Cleveland legislators Monday introduced a bill to create a jobs program modeled after Franklin D. Roosevelt’s federal Works Progress Administration.

Standard & Poor’s last week lowered its rating on the Nevada Regional Medical Center into junk bond territory due to ongoing strains on the balance sheet.

Minnesota issued layoff notices late last week to 36,000 employees ahead of a partial government shutdown on July 1 if state leaders cannot resolve an impasse over a new two-year budget.

Michigan Gov. Rick Snyder, Treasurer Andy Dillon, and budget director John Nixon met with analysts from all three major rating agencies earlier this week in a bid to boost the state’s credit.