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Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million... [Read More]
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The Chicago City Council on Wednesday gave overwhelming approval to the final budget proposed by Mayor Rahm Emanuel, who leaves office next year, and who... [Read More]
New laws enacted by Illinois in response to a huge backlog of unpaid bills fail to address the underlying problems that led to the state's... [Read More]
CHICAGO, Sept 18- New laws enacted by Illinois in response to a huge backlog of unpaid bills fail to address the underlying problems that led... [Read More]
The ability of states to quickly cash in on a June U.S. Supreme Court ruling that lifted restrictions on their ability to tax all internet... [Read More]
The ability of states to quickly cash in on a June U.S. Supreme Court ruling that lifted restrictions on their ability to tax all internet... [Read More]
Chicago Mayor Rahm Emanuel said Tuesday he will not seek re-election next year after facing criticism over his handling of the city's gun violence. [Read More]
The U.S. Drug Enforcement Administration and Mexico will set up a joint team based in Chicago to target Mexican drug cartels, their leaders, and finances,... [Read More]
Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well... [Read More]
A preliminary deal with owners of more than $3 billion of Puerto Rico Electric Power Authority (PREPA) bonds, announced late on Monday, puts the bankrupt... [Read More]
A federal judge on Friday rejected an attempt by a major Puerto Rico bondholder to throw out the U.S. territory's historic municipal bankruptcy case. [Read More]
Five of the seven board members of the bankrupt Puerto Rico Electric Power Authority - including its CEO, named one day ago - resigned on... [Read More]
Five of the seven board members of the bankrupt Puerto Rico Electric Power Authority resigned on Thursday, effectively leaving the utility with no leadership amid... [Read More]
A U.S. Supreme Court ruling on Wednesday that dealt a blow to public sector labor unions will not be a fix, at least in the... [Read More]
The Illinois House gave final legislative approval on Thursday to a $38.5 billion fiscal 2019 budget that will now head to Governor Bruce Rauner, avoiding... [Read More]
The heat is on for Illinois lawmakers to address the state's financial problems in a fiscal 2019 budget that faces a May 31 deadline for... [Read More]
The state's ability to keep essential services going is at risk. [Read More]
Taxpayer actions in response to sweeping federal tax changes passed by the U.S. Congress late last year will likely force states that tax personal income... [Read More]
U.S. teacher demonstrations are likely to spread as more educators hit the streets to take on states that they claim are choosing tax cuts over... [Read More]
The state's deep financial woes have left it with the lowest credit ratings among U.S. states. [Read More]
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