August 16, 2013 By: David Roeder The ongoing public pension crisis that has hit the credit ratings of Illinois and Chicago took its toll on Cook County government Friday. Moody’s Investors Service downgraded the county’s general obligation debt one level, …

August 16, 2013 (Reuters) — Moody’s Investors Service on Friday downgraded its general obligation rating for Cook County, Illinois, to A1 from Aa3, citing growing pension liabilities. The credit ratings agency also kept a negative outlook on the lower rating …

CHICAGO (AP) — Moody’s Investors Service has downgraded Cook County’s credit rating, citing an ongoing county and state pension crisis. The agency announced Friday it’s lowering the rating on $3.7 billion in debt from Aa3 to A1. The new rating …

August 4, 2013 By: Kate Taylor Cities and towns across the country are pushing municipal unions to accept cheaper health benefits in anticipation of a component of the Affordable Care Act that will tax expensive plans starting in 2018. The …

August 1, 2013 By: Sun-Times Editorial Board Chicago is not Detroit, obviously. Chicago’s economy has little in common with one-industry Detroit. As City Hall’s finance folks tell us, Chicago isn’t even halfway down the road to becoming Detroit. But Chicago …