Emanuel's Borrow Plan To Bail Out CPS Met With Mixed ReactionsChicago aldermen are displaying mixed emotions about the Emanuel Administration's borrowing plan to bail out the Public Schools.
Mayor Pitching Plan To Borrow $389 Million To Bail Out CPSThe Mayor's office confirmed the city will rely on short-term borrowing to keep the Chicago Public Schools running through the end of June.
Senate GOP Vows To Block Quinn's Borrowing PlanIllinois Senate Republicans have vowed to block any plans to borrow money to pay the state's overdue bills.
Quinn Lobbying For $8.75B Illinois Borrowing PlanIllinois Gov. Pat Quinn's administration is calling thousands of vendors to seek support for the state borrowing billions of dollars to pay overdue bills.
Quinn's Borrowing Plan Receiving Some CriticismGovernor Quinn's reported plans to borrow money to make up the state's budget deficit is already receiving some criticism.
Senate Democrats Hold Off On Quinn's Borrowing PlanIllinois Senate Democrats bowed to Republican pressure and are not yet calling for a vote on Gov. Pat Quinn's plan to borrow money to pay pensions.