Pritzker Lists Advisers To Look Into Illinois' FinancesIllinois' bill payment backlog stands at $7.5 billion, and there is an estimated $1 billion shortfall in the current state budget.
Sears' Bankruptcy Appears ImminentSears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
Women's Student Loan Debt Nearly Twice As Men'sWomen owe about $890 billion of the country's $1.48 trillion student loan debt, nearly double the $490 billion owed by men.
Millennials Pile Up Debt To Keep Up With Their Friends, Survey FindsThe fear of missing out, or FOMO, is reportedly driving many millennials into serious debt.
Attorney Generals Call For Help For Students Victimized By For-Profit SchoolsTop Democrats in Illinois said the Trump Administration is getting poor grades on protecting students victimized by unscrupulous for-profit colleges.
Madigan Finds Debt and Identity Theft To Be Reoccurring ComplaintsConsumer debt and identity theft continue to be the top sources of complaints to the Illinois attorney general.
Mayor Emanuel Refuses To Discuss Alternatives If State Supreme Court Shoots Down City Pension DealMayor Rahm Emanuel is refusing to discuss alternate plans if the city’s pension agreement continues to be shot down by the courts, reports WBBM Political Editor Craig Dellimore.
Mayor Emanuel Reveals Plans For Tackling City's DebtWith 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 Soar To Highest In 8 yearsU.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
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.
Questions Remain Over Cause Of Roseland Hospital’s Financial EmergencyDid 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.