Ten U.S. states have public pension liabilities that are at least as big as their annual revenues, according to a Moody’s Investors Service report released on Thursday that found the Illinois pension bill was equal to 241 percent of its revenues. …...
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...
Democratic Speaker Michael Madigan has many advantages as he tries to extend his nearly uninterrupted three-decade control of the Illinois House. His Democrats have more campaign money. His party has home-state President Barack Obama to drive the vote. Perhaps most...
“I think it’s going to reach a point where there’s either social disorder or bankruptcy before people will act,” he said. via Crain’s Chicago Business. Ya, that sounds about right. But let’s back-up a little. This is a quote from a...