Fitch 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.
The Chicago Archdiocese is said to be weighing options to improve its financial health.
Chicago 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.
With some obstacles out of the way, the expansion project at O’Hare International Airport is moving ahead.
Mayor 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.
U.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.
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.
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.