Rainy Day Fund

Stack of cash (CBS)

If Your ‘Rainy Day’ Fund Is Dried Up, You Aren’t Alone

About one-half of Americans do not have enough money saved for basic unplanned expenses, such as a car repair or trip to the emergency room for a minor mishap.


Mayor Rahm Emanuel (Credit: Natalie Cheng/CBS)

Emanuel Defends CPS’ Choice To Use Up Rainy Day Fund

Mayor Rahm Emanuel is defending the Chicago Public Schools for balancing the system’s budget through what some say is the risky step of draining the school system’s “rainy day fund.”

WBBM Newsradio–07/10/2012