Elizabeth Campbell

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Surging Cash Piles Leave States As Ready As Ever For A Recession

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If a recession comes soon, America’s state governments are better prepared than ever.

Illinois Lawmakers Pave Way For Higher Taxes On Richest, Send Plan To Voters

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Illinois is pushing higher taxes on the rich in hopes of fixing its chronic deficits.

SALT-Hit States Get Tax Windfall After Struggling With Forecasts

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It still remains to be seen how much of the windfall will be recurring or if it’s a one-time bounty.

Illinois Advances Pritzker's Plan To Hike Taxes On Richest

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Illinois lawmakers moved a step closer to hiking taxes on the state’s highest-earners.

Some Stolen Mercedes Cars Missing In Chicago Rental Fraud

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About 100 of the cars have gone missing, according to city police.

Every Illinoisan Owes $11,000 For Pensions With No Fix in Sight

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The state's failure to address its pension crisis is crippling the state and its cities, says one expert.

Illinois Bonds Rally After State Moves To End Budget Impasse

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The state senate overrode Gov. Bruce Rauner’s veto to approve tax increases and the first full-year budget in two years.

Chicago To Pull $25 Million From Wells Fargo Because Of Scandal

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Chicago plans to divest $25 million the city has invested after the Wells Fargo admitted to opening potentially millions of bogus client accounts.

Reckoning Comes For U.S. Pension Funds As Investment Returns Lag

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The funds have been squeezed by rock-bottom payouts on fixed-income securities as stocks fall or stagnate.

Illinois Pension Crisis Builds As Market Turmoil Deals A Setback

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Public pensions’ returns have dropped as central banks hold down interest rates, pushing bond yields to record lows.

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