City Sells $1.16B In Bonds, But Pays A Heavy Price For CPS CrisisChicago sold $1.16 billion in general obligation bonds Thursday, but paid a heavy price for a school financial crisis made worse by Gov. Bruce Rauner’s veto of a bill promising $215 million in pension help.
Fitch Downgrades Illinois Credit RatingFitch Ratings said Monday it would drop the Illinois rating from "A" to "A-" based on lawmakers' failure to enact a solution to the state's public-employee pension crisis.
Chicago Archdiocese Considering Selling BondsThe Chicago Archdiocese is said to be weighing options to improve its financial health.
Chicago Students' Game Mimics Real Stock MarketChicago high school and elementary school students on Wednesday showed off their numbers in the Stock Market Game, a statewide competition that teaches students to analyze companies, pick stocks and manage risk.
Bonds To Be Issued For O'Hare ExpansionWith some obstacles out of the way, the expansion project at O’Hare International Airport is moving ahead.
City To Issue $1B In Bonds To Fund O’Hare ExpansionMayor Daley’s plan to issue $1 billion in bonds — retired by airline ticket taxes and other airport revenues — to build a new south runway and other projects at O’Hare Airport has finally been cleared for take-off.
Kirk Backs O'Hare Expansion PlanU.S. Sen. Mark Kirk threw his support behind the plan to expand O’Hare International Airport on Friday, as Mayor Richard M. Daley called for completing the massive project despite concerns about bond ratings at O’Hare.
Bonds For State Community College Grants?Community college advocates are upset over a proposal to issue hundreds of millions of dollars in bonds to pay for state-funded grants to low-income college students.
Is State-Assisted Wrigley Repair A Good Idea?The owners of the Chicago Cubs have suggested the state issue bonds to help renovate Wrigley Field. CBS 2's Jim Williams asks the experts if the plan is viable.