With the city’s bond rating just a couple levels above junk status, Mayor Emanuel told the Civic Federation he is ending or phasing out some of the city’s more questionable borrowing practices.
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
In the blink of an eye, the Chicago City Council today authorized nearly a billion dollars in borrowing and more and Mayor Emanuel is defending the move.
Did Roseland Community Hospital wind up on the brink of closing last week because of the primarily poor population it serves? Or because of mismanaging their resources? Depends on who you ask.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
Have you seen an envelope from the government of Cook County in the mail today, with news inside about how our tax dollars are being spent?
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Opinion: With Economics Intertwined With Foreign Affairs Romney Will Win The Final Presidential Debate
Romney’s ideas – if presented fresh and enthusiastically hopeful for America’s future – can be the final bump he needs to win this election.
As CBS 2’s Susan Carlson reports, more moms and dads are finding themselves making the payments on their children’s student loans just when they should be saving for retirement.
One of the nation’s bond rating agencies is out with another warning about the Chicago Public Schools system’s financial future.
The city of Chicago has been going after state employees who owe money for unpaid parking tickets by taking money out of their paychecks, but one such employee said when the city got what it was owed from her, the state kept docking her paycheck.
CBS 2’s Dorothy Tucker talks with some college students and grads about how they’re coping with loan debt.
Coming out of college with thousands of dollars in debt is becoming the norm for students. But there may be hope in sight, CBS 2’s Marissa Bailey reports.
The nonprofit that runs the Daily Illini at the University of Illinois is late on its mortgage payments and owes $250,000 to its printer.
Mayor Rahm Emanuel says Gov. Pat Quinn and Illinois lawmakers should heed the warnings of the Civic Federation, which says the state’s pension debt will grow by leaps and bounds if immediate steps aren’t taken.
A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.
Illinois keeps falling farther behind on its debt, and Comptroller Judy Baar Topinka says it’s even worse than it appears.
Illinois Attorney General Lisa Madigan has filed suit against Westwood College, charging the institution with deceiving students into piling up tens of thousands of dollars in student loans for meaningless degrees in criminal justice.
Popular daily deal sites are blamed for driving a hot dog diner into debt.
On Wednesday, President Barack Obama outlined measures intended to lighten the load on college grads, by lowering their payments. The help can’t come soon enough for some students.