A state lawmaker is proposing Illinois borrow $4 billion to pay its overdue bills, saying agencies and vendors who do business with the state are in dire straits and need to be paid.
The bill from Rep. Esther Golar, a Chicago Democrat, would allow Illinois to borrow the money and use it toward bills more than a month past due as of September.
But Republican Comptroller Judy Baar Topinka said Tuesday the worst thing the state could do is take on more debt.
Topinka said her office currently has nearly 170,000 outstanding bills totaling $7.1 billion. But she said as the economy improves, the state is making progress paying down the backlog.
Golar asked for more time before the House Executive Committee votes.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Friday, May 17 2013 7:51 PM EDT2013-05-17 23:51:51 GMT
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Illinois Gov. Pat Quinn must decide if he will sign a measure allowing the use of marijuana for medical purposes after the state Senate approved legislation on Friday.
Faced with a trio of controversies, President Barack Obama is trying to halt a perception spreading among both White House opponents and allies that he has been passive and disengaged as unexpected developments...
President Barack Obama, seeking to regain his footing amid controversies hammering the White House, named a temporary chief for the scandal-marred Internal Revenue Service Thursday and pressed Congress to approve new...
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
After initially opposing the legalization of medical marijuana in Illinois, Lieutenant Governor Sheila Simon now supports the bill awaiting a State Senate vote. She told Good Day Chicago why she changed her mind.
Tuesday, May 14 2013 1:30 PM EDT2013-05-14 17:30:12 GMT
Alderman Brendan Reilly (42nd) said he has been meeting with municipal bond experts to try to find a way for the city to buy its 36,000 meters back from Chicago Parking Meters LLC.
Alderman Brendan Reilly (42nd) said he has been meeting with municipal bond experts to try to find a way for the city to buy its 36,000 meters back from Chicago Parking Meters LLC.
An Afghan official says a bomb hidden in a parked motorcycle has ripped through a crowded bazaar in a remote region of the southern Helmand province, killing at least three people and wounding seven.
A roadside bomb struck a U.S. convoy in southern Afghanistan Tuesday, killing three American troops, while a motorcycle bomb in a crowded village market killed at least three Afghan civilians, officials said.
FOX's Brett Baier has the latest on political headlines regarding former Secretary of State Hillary Clinton's Benghazi testimony and the IRS admitting to targeting conservative groups for tax enforcement.
FOX's Brett Baier has the latest on political headlines regarding former Secretary of State Hillary Clinton's Benghazi testimony and the IRS admitting to targeting conservative groups for tax enforcement.
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