Quinn blames pension reform failure on GOP

Mayor Emanuel called it a "road map" to solving city hall's public employee pension crisis without having to double property taxes, but now, Chicago police sergeants overwhelmingly voted "no" to the city's contract offer. The mayor signaled that he belie

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Federal regulators have accused the state of Illinois of misleading investors about the condition of its public pension program, marking just the second time in history that a state has been fingered for securities fraud. In announcing a settlement with

11 March 2013 Last updated at 19:05 ET The SEC said Illinois had taken multiple steps since 2009 to enhance its pension disclosures Illinois has agreed to settle federal charges alleging the state misled investors about the financial health of its public

SECToday the U.S. Securities and Exchange Commission charged the State of Illinois with what is fairly obvious to anybody who had been watching its finances for some time: It had been misleading municipal bond investors about the state of its pension obl

SPRINGFIELD — Illinois broke federal securities laws and “misled investors” in misstating the true health of the state’s depleted pension funds between 2005 and early 2009, the Securities and Exchange Commission announced Monday. The finding of securitie