Gov. Pat Quinn’s administration delayed Wednesday’s planned sale of $500 million in construction bonds, saying a recent credit downgrade because of inaction on government worker pension reform left the market “unsettled.” The decision was made...
Medical malpractice lawyers are poised to make more money after Gov. Pat Quinn quietly signed a law allowing them to collect higher fees. Doctors groups criticize the change, arguing that it will result in less money for injured patients who need it for costly health...
Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session. Standard & Poor’s...
While Emanuel can coast for two more years, the city in 2015 is required by law to set aside an additional $700 million a year for two of its four pension funds, all of which are woefully underfunded: That year’s budget will include a total of $1.2 billion for...
Jimmy John Liautaud is moving part of the sandwich chain that bears his name to Florida next year, making good on a threat issued in 2011 after Illinois hiked its corporate tax rate. The founder of Jimmy John’s Gourmet Sandwiches said during a Sept. 18 panel...