State of Illinois

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

Chicago’s long-standing effort to host and profit from a casino will require a legislative makeover to attract financing, a report said.

Paul Chatalas, who has both a public finance and public policy background, took over as capital markets director Tuesday.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The rating agency moved its outlook for Illinois to stable from negative, citing budget progress and an April tax windfall.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

Municipal bond buyers saw more supply come to market in Wednesday as retail investors kept up their confidence in tax-free bond funds.

The suit is "a policy paper masquerading as a complaint," the state says, but it may still push up Illinois' borrowing costs while it is active.

Investor demand for New York City bonds allowed underwriters to move the sale up by a day.

As summer sizzles, this week’s hottest deals can be found in the municipal bond market.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

New-issue supply started to trickle into the market Monday, a thin stream that will turn into a torrent by week’s end.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

New revenue and fewer one-shot revenue solutions make the fiscal 2020 budget more acceptable to analysts, but dark long-term clouds remain.

Lawmakers authorized more than $23 billion of borrowing and approved a $45 billion six-year capital plan.

The General Assembly is sending a Constitutional amendment to voters for the measure that would raise $3 billion annually.

Illinois lawmakers gave first-year Gov. J.B. Pritzker a victory on a cornerstone of his fiscal plan for the troubled state.