debt

(Photo Credit: Andrew Burton/Getty Images)

U.S. Auto Loans Soar To Highest In 8 years

U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.

08/18/2014

Mayor Rahm Emanuel and James Ade (left),  president of the police sergeant union,  announce pension agreement. (Credit: Craig Dellimore/WBBM Newsradio)

Emanuel Defends Move To Borrow $900 Million

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.

02/05/2014

Roseland Community Hospital (Credit: CBS)

Questions Remain Over Cause Of Roseland Hospital’s Financial Emergency

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.

06/13/2013

Photo Credit: Thinkstock.com

What To Do With Your Tax Refund

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.

03/18/2013

Walter Jacobson

Walter’s Perspective: New Property Tax Bills A Fascinating Read

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?

CBS 2–01/29/2013

U.S. Speaker of the House Rep. John Boehner (R-OH) (Photo by Alex Wong/Getty Images)

Opinion: The Fourteenth Amendment Solution

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.

11/29/2012

Mitt Romney (Photo by Steve Pope/Getty Images)

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.

10/22/2012

Stack of cash (CBS)

More Parents Shouldering Student Debt

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.

10/05/2012

Chicago Public Schools

Chicago Public Schools’ Bond Rating Downgraded Again

One of the nation’s bond rating agencies is out with another warning about the Chicago Public Schools system’s financial future.

CBS Chicago–09/28/2012

Jennifer Edwards says the state kept docking her paycheck, even after she had paid off all of the money she owed for parking tickets, and has been told the problem might not be fixed for up to two months. (Credit: CBS)

State Worker: State Docking My Pay, Even After I Paid Off Debt

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 2–07/11/2012

Caitlin LaCour graduated with a six-figure college debt, and now she feels trapped. (CBS)

How To Avoid Crushing College Debt

CBS 2’s Dorothy Tucker talks with some college students and grads about how they’re coping with loan debt.

06/07/2012

Money (CBS)

Bill Would Give Students Some Relief From College 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.

CBS 2–03/29/2012

Roger Ebert

Ebert Asks U Of I Alums To Help Pay Debts Of Student Newspaper

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.

02/16/2012

Mayor Rahm Emanuel

Emanuel To Quinn: Deal With Pension Debt Now

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.

CBS Chicago–01/31/2012

Gov. Pat Quinn (Credit: CBS)

Spokeswoman: Quinn Wants To Take On Ballooning Medicaid Costs

A spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.

CBS Chicago–01/31/2012

Judy Baar Topinka (Photo From Judy Baar Topinka Website)

Topinka: Illinois’ Unpaid Bill Crisis Just Keeps Getting Worse

Illinois keeps falling farther behind on its debt, and Comptroller Judy Baar Topinka says it’s even worse than it appears.

CBS Chicago–01/19/2012

File Photo of Illinois Attorney General Lisa Madigan (Chip Somodevilla/ Getty Images)

Madigan: Westwood College Offers Useless Criminal Justice Degrees

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.

CBS Chicago–01/18/2012

Restaurant Generic

Daily Deal Sites Blamed For Driving Restaurant Out Of Business

Popular daily deal sites are blamed for driving a hot dog diner into debt.

CBS Chicago–12/09/2011

Graduation Cap And Gown

President Orders Changes To Student Loans

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.

CBS Chicago–10/26/2011

President Obama addresses a national audience Monday night. (AP)

LISTEN: The President’s Remarks On National Debt Crisis

President Barack Obama on Monday night urged Americans to pressure their representatives in Washington to move on a debt-reduction deal, but House Speaker John Boehner says Obama won’t get a blank check from Congress to raise the debt ceiling.

07/25/2011

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