Karen Pierog

SPRINGFIELD, Illinois (Reuters) - Illinois' Democratic-controlled legislature on Tuesday passed a landmark pension reform bill, choosing to address the state's crumbling finances over strong public labor union opposition to cuts...

CHICAGO (Reuters) - A day after calling an abrupt halt to a bidding process for privatization of Midway Airport, Chicago Mayor Rahm Emanuel on Friday sent signals that he still...

DETROIT (Reuters) - Detroit had no choice but to strike a deal with holders of interest-rate swaps contracts as the city scrambled to guarantee access to cash in the days...

(Reuters) - A court hearing on Friday may provide a roadmap for how Detroit's historic bankruptcy filing will unfold as the judge overseeing the case could set a speedy schedule,...

(Reuters) - The city of Detroit filed a lawsuit against bond insurer Syncora Guarantee Inc claiming the company blocked an agreement the city hopes to conclude with major creditors involving...

(Reuters) - As Illinois lawmakers sift through the wreckage of a session that failed to produce major pension reform for their state, they are holding out hope that meetings in...

(Reuters) - Personal income tax collections rose by 37 percent in April from a year ago, according to a sample of U.S. states, but the improvements may not continue as...

CHICAGO (Reuters) - The Illinois Senate passed a bill on Wednesday that would bring much-need revenue to the cash-strapped state by expanding gambling and giving Chicago its first casino. The...

CHICAGO (Reuters) - Illinois House Speaker Michael Madigan on Tuesday proposed a comprehensive plan to fix the state's sagging public pension system - the worst-funded state pension system in the...