Embattled New Jersey Governor Chris Christie went on the offensive in a speech in Chicago today, challenging some in his own party on what Republicans should stand for as they prepare for the 2016 presidential election.
Illinois’s borrowing costs have fallen to the lowest level in six months as investors join Governor Pat Quinn in wagering that a law bolstering the worst- funded state pension system has “stopped the bleeding.”
Illinois’ plan for fixing its $100 billion public pension shortfall is unconstitutional, a union coalition said, suing to restore benefits lawmakers cut to narrow the worst U.S. state retirement-plan deficit.
Illinois paid a 26 percent smaller yield penalty to issue $1 billion of general-obligation bonds, a sign investors are rewarding lawmakers for passing a bill in December to mend the worst-funded U.S. state pension system.
For governors cutting education and health care and going after public-sector employees to balance budgets, here’s a message from Illinois Governor Pat Quinn : You’re wrong. Not mistaken, not misinformed.
The U.S. Supreme Court debated whether public employees can constitutionally be forced to pay fees to a union, weighing a politically tinged case with the potential to undercut the power of organized labor.
Illinois Governor Pat Quinn said he will suspend state lawmakers’ pay because they’ve failed to address the nation’s worst-funded pensions, escalating his feud with fellow Democrats in a state plagued by political gridlock.
Illinois’s top two lawmakers are asking a judge to invalidate Governor Pat Quinn’s decision to veto salaries for the state’s 177 legislators over their failure to resolve a $100 billion pension funding shortfall.