Debt Crisis

U.S. Sen. Mark Kirk (CBS File Photo)

Kirk Releases Report On Illinois’ Debt Crisis

Senator Mark Kirk says Illinois can forget about federal assistance if it goes to Congress saying it’s broke and needs a bailout. Kirk has released a report showing that Illinois state government is teetering on the edge of insolvency.

CBS Chicago–10/11/2011

U.S. Sen. Dick Durbin (D-Ill.)

Durbin: Congress Must Put Taxes On Table To Deal With Debt Crisis

As Wall Street stumbled after Standard and Poors downgraded the nation’s debt, Senator Dick Durbin was saying Democrats and Republicans are going to make some hard choices if they are to get this country’s finances under control.


Walter Jacobson

Walter’s Perspective: No Pay For Lawmakers Until They Solve Debt Crisis

CBS 2’s Walter Jacobson is angry with Congress over the debt crisis and shares his advice for what says would be a sure-fire way to bring a resolution.