Midwest

A new bond authority created to build and own a new arena in Lincoln, Neb., will competitively price $100 million of taxable Build America Bonds on Tuesday.

Michigan Gov. Jennifer Granholm Wednesday unveiled a deficit-elimination plan that features cuts and a handful of one-time revenue measures, including restructuring a chunk of the state's outstanding general obligation debt.

U.S. District Judge James B. Zagel told attorneys in the corruption trial of former Illinois Gov. Rod Blagojevich to be back in court Aug. 26 to set a date for a new trial.

Moody's Investors Service warned this week that last week's flooding across central Iowa could have negative credit implications for the hardest-hit towns.

The looming foreclosure on a downtown Cleveland landmark could have implications for tax increment financing debt sold for the project and TIF-backed borrowings across the state and nationally, say some Ohio bond attorneys.

Moody's Investor's Service last week lowered Whitefish Bay School District one notch to Aa3 and assigned a stable outlook following the district board's decision to renege on its moral obligation pledge to repay asset-backed notes issued by its non-pension retiree health care trust.

Fitch Ratings has placed six Ohio port authority pooled loan programs on negative watch while it reviews the process used to rate them.

The Omaha Public Power District's board approved up to $300 million of bonds to finance capital projects over the next two years.

Gov. Mitch Daniels said Indiana's education budgets are likely to be spared additional cuts if revenues remain at their current levels. Late last year he ordered $300 million cut from the K-12 budget and $150 million from the higher-education budget to help offset declining revenues. The K-12 budget accounts for more than half of the state's general fund.

The Municipal Bond Club of Chicago and Fitch Ratings are hosting a 10-week overview of the muni market starting Sept. 16.