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The proposed sale has dual benefits: Trinity gets to shed the facility outside of bankruptcy and the facility would remain open quieting local critics.
March 23
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CPS Energy will issue $367 million of bonds to retire commercial paper, after absorbing a pair of downgrades following the Texas power distribution crisis.
March 22
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Illinois Supreme Court justices offered little indication of how they lean in the case seeking to invalidate more than $14 billion of outstanding bonds.
March 18
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The Illinois attorney general and the head of conservative policy group lay out their positions next week in a case seeking to void $14 billion of state debt.
March 9
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Even though the report has been publicly available for more than two years, the Oversight Board is still asked the perennial question: Why didn't we audit the debt? We did.
March 4
Financial Oversight and Management Board for Puerto Rico -
Brazos Electric Power Cooperative filed for bankruptcy saying it can't pay the electric bills foisted on it by the state's grid operator, ERCOT.
March 1
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The facility and a majority of bondholders agreed to a restructuring that aims to ease repayment problems not solved by the previous bankruptcy in 2016.
February 24
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The city relies on the levy as a whole for 43% of its general fund revenue amid a national debate over work-from-home dynamics that could reach the U.S. Supreme Court.
February 23
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Illinois will square off with lawyers representing John Tillman next month in his 2019 case seeking to void bonds issued to fund pensions and pay down bills.
February 17
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S&P says Trinity's efforts to shed the fiscally struggling Mercy poses benefits and risks but the hospital is a small piece of the national not-for-profit's overall portfolio.
February 16
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The Michigan-based nonprofit hospital chain expects a restructuring charge from the Mercy Hospital bankruptcy but no impact to its municipal bond debt.
February 11
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The Los Angeles Unified School District superintendent points out that city officials have failed to bring the COVID-19 infection rate to a safe enough level.
February 8
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The effects of COVID-19 on Puerto Rico are severe and the island's capacity to repay its debt has changed. The Oversight Board's objectives in the debt-restructuring process, however, have not.
February 8
Financial Oversight and Management Board for Puerto Rico -
The Westin Lombard Yorktown Center in Chicago's suburbs reopened over the summer, but isn't drawing enough business to cover a Jan. 1 debt service payment.
February 2
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New Hampshire wants the Supreme Court to hear its challenge to income taxes its neighbor levies on employees who began working from home during the pandemic.
January 29
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The agreement to end the lawsuit over the sale of securities for a failed nuclear reactor project still must be approved by the court.
January 25
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Former Michigan Gov. Rick Snyder and two former Flint emergency managers entered not guilty pleas Thursday on criminal charges tied to their alleged roles in the Flint water contamination crisis
January 14
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Michigan Attorney-General Dana Nessel filed misdemeanor willful neglect of duty charges against former Gov. Rick Snyder in a Genesee County court.
January 13
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Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.
January 8
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Park Place at Elmhurst would restructure and redeem $141 million of bonds issued to exit its 2016 Chapter 11 under a plan pending before a bankruptcy court.
January 5
