Why are Illinois Democrats preparing to bail out bankers and cash-strapped local governments?

By Michael Lucci
04/03/2017
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.

TAGS: banks, bonds, budget, CTA: Chicago Transit Authority, general obligation bonds, grand bargain, John Cullerton, LGDF: Local Government Distributive Fund, property taxes, RTA: Regional Transportation Authority

Luxembourg’s ambassador sends letter to Illinois House leaders

By Brendan Bakala
03/31/2017
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.

TAGS: Bruce Rauner, budget, Christian Mitchell, grand bargain, Illinois House of Representatives, Illinois Investment Policy Board, Jim Durkin, John D’Amico, Katie Stuart, Lawrence Walsh Jr., Martin Moylan, Mike Madigan, Sam Yingling, Silvana Tabares, Stephanie Kifowit, Sue Scherer