Credit Rating
Cullerton Hopes Latest Hit To State’s Credit Rating Prompts Pension Reform Vote
Illinois Senate President John Cullerton (D-Chicago) said Monday that the state is only hurting itself by failing to take action to resolve its ballooning pension debt and declining credit rating.
Quinn: ‘High Noon’ Coming For State’s Pension Mess
Gov. Pat Quinn says, when state lawmakers go back to Springfield for their final session before the new legislature takes over, addressing the pension mess has to be their top priority.
Couple Sues, Claims Bad I-Pass Ruined Credit Rating
A Northwest Indiana couple says the I-Pass in their rental car wrecked their credit rating and now they’re suing.
In Video, Kirk Urges Action On Illinois Credit Rating
Sen. Mark Kirk, still recovering from a major stroke, released a video Tuesday that calls for “decisive bipartisan action” to prevent further reductions in Illinois’ credit ratings.
Illinois’ Poor Credit Rating Lowered Again
Illinois, which already has one of the worst-in-the-nation credit ratings, was lowered even further on Wednesday by the Standard & Poor’s rating agency, citing the state’s failure to address its massive pension problems.
Pension Chaos A ‘Negative’ For Illinois Credit Rating
Illinois edged closer to having its worst-in-the-nation credit rating lowered even further as a rating agency declared Thursday that failure to address massive pension problems is a “credit negative” for the state.
Riverdale Mayor Hardly Excited About Church Replacing Vacant Lot
South suburban Riverdale has the unfortunate distinction of having one of the nine worst municipal credit ratings in the nation, so the last thing some city leaders want is a new church that won’t pay any taxes, but that’s exactly what they’re going to get.
Traders, Everyday Chicagoans Worried About Markets
A massive selloff on Wall Street Monday after the U.S. credit rating slip made for the worst single-day loss since December 2008. In Chicago, the news was depressing and worrisome.
Debt Ceiling Debate Becoming A Dangerous Game
Republicans and Democrats in Washington remained far apart on a deal to increase the federal debt ceiling and Wall Street is really worried, chalking up the biggest losses in nearly a year.
Your Credit Card: Use It, Or Possibly Lose It
Surprisingly, banks may pull your credit card if you’re paying your bills on time but not using the plastic enough. CBS 2′s Rob Johnson explains.
Most Popular News
- Mount Prospect Man Falls To Death From Albany Park RoofA Mount Prospect man fell to his death from a roof in Albany Park Friday afternoon.110
- 3 Dead, 8 Hurt In Shootings Since Friday NightThe most recent fatal shooting happened about 1:50 a.m. Saturday in the Hyde Park community, roughly half a mile from President Barack Obama’s home in neighboring Kenwood.198
- Some People You Should Know: The MelodeersIt all began when barbershop patrons started singing while waiting to get their hair cut. A century or so later, the Melodeers chorus is taking the music to a dazzling new height with 140 ladies singing in unaccompanied four-part harmony. CBS 2's Harry Porterfield reports.155
- Mother Of Student Pushed Down School Stairs ‘Enraged’ At Security GuardNew video surfaced Friday that appears to show sophomore Lauren Goodlow being pushed by a male security guard. CBS 2's Dorothy Tucker reports.329
- House Passes Concealed Carry Plan Opposed By Senate LeaderGun owners in the only state still banning concealed weapons would win that right under a plan approved by the Illinois House on Friday, but the governor and other powerful Democrats oppose the plan because it would wipe out local gun ordinances -- including Chicago's ban on assault weapons.220
- Two Shot Near Roosevelt CTA StationAround 11:10 a.m., a 57-year-old man and a 30-year-old man were shot in the 1100 block of South State Street.256
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Twitter Updates
- CTA has cut some fees for upcoming its upcoming ventra cards. cbsloc.al/134Ri3p 2 hours ago
- RT @cbs2mai: Tonight at 10: how one police dept. wants to use cameras (both private & public) to fight crime. #PoliceNews #crime 13 hours ago
