Washington

Revenue volatility and bond-rating agency opinions can complicate states' rainy-day planning.

The reduction is slightly smaller than 6.9% cut in the current fiscal year that ends Sept. 30.

“We expect the debt affordability numbers to get worse,’’ said Moody’s Vice President Sarah Carlson.

Wisconsin's Foxconn incentives package paves way for $252 million in highway borrowing and local government financing help.

Kansas City council considering bonds, private financing for $1 billion airport terminal project.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

Replacing LIBOR will raise economic and tax issues for many floating rate munis and swaps.

The House expects to hold committee hearings on tax reform in September.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

Pontiac and Lincoln Park, two Michigan cities, gain control over their internal operations and finances.