Khan Academy Founder Explains Illinois Pension CrisisGovernor Pat Quinn has enlisted the creator of popular on-line videos to help explain the state's pension crisis.
Gov. Quinn’s Pension Monster, ‘Squeezy The Python,’ Derided As LameThe governor's web-based social media strategy hasn't been met with much enthusiasm, CBS 2 Chief Correspondent Jay Levine reports.
Illinois' Poor Credit Rating Lowered AgainIllinois, which already has one of the worst-in-the-nation credit ratings, was lowered even further on Wednesday by the Standard & Poor's rating agency, citing the state's failure to address its massive pension problems.
Opinion: A Doctor's Opinion Of ObamacareGood, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
State Lawmakers Fail To Pass Pension Reform Before DeadlineGov. Pat Quinn is promising not to give up the fight for pension reform, after lawmakers failed to get a bill passed before the deadline of midnight Thursday night.
State Senate Panel Shoots Down Bill Aimed At Pension ReformIllinois officials have been emphasizing for months that changes must be made to the state pension system to deal with myriad financial problems, but sometimes, reform is easier said than done.
Rutherford: Tough Road Ahead For Quinn's Pension PlanNow that the governor has finally unveiled a plan to tackle the state's pension crisis, one top Republican is predicting a tough road ahead.
Big Raises Mean Big Pension Penalties At Suburban SchoolsSuburban school districts are pushing back hard against a 2005 state law that was meant to rein in Illinois' skyrocketing pension costs.
Illinois House Approves Austere Spending LimitsVirtually all parts of state government would be forced to cut spending under a budget outline approved by the Illinois House.
Quinn On Budget: Medicaid Is On Brink Of CollapseIn presenting his 2012 budget plan Wednesday, Gov. Pat Quinn said the state’s Medicaid is on the brink of collapse.
Some University Employees Double Dipping For State PaychecksSome public university employees have figured out a way to keep their jobs and double their salaries. CBS 2's Dave Savini has been investigating this lucrative, yet legal, sweetheart deal involving government pensions.
Emanuel To Quinn: Deal With Pension Debt NowMayor 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.
Spokeswoman: Quinn Wants To Take On Ballooning Medicaid CostsA spokeswoman says Gov. Pat Quinn wants to address the problem of skyrocketing Medicaid costs in Illinois, but state legislators are not cooperating.
Madigan: School Districts Should Start Contributing To Teacher PensionsIllinois House Speaker Michael Madigan says local school districts haven’t been paying into their teachers’ retirement systems, and he thinks it may be high time that they did.
Legislative Maneuver Making Pension Funds Appear Deficient legislative maneuver made nearly three years ago is causing some state employee pension funds to appear less funded than they really are.