- Judge says 2014 Chicago pension overhaul unconstitutional Updated: Jul-24-15 2:24 pm
CHICAGO - A Cook County judge on Friday threw out a 2014 law aimed at reducing multibillion-dollar shortfalls in two Chicago pension funds, a decision city officials have said could leave the retirement accounts insolvent in a little more than a decade or lead to massive tax increases.
- Mayor Emanuel names ex-Madigan aide as chief of staff Updated: Jul-23-15 3:55 pm
CHICAGO - Chicago Mayor Rahm Emanuel has named a business executive and former top aide to Illinois House Speaker Mike Madigan to be his next chief of staff.
- Mayor Rahm Emanuel names top aide to run Chicago's schools Updated: Jul-16-15 7:53 pm
CHICAGO - Chicago Mayor Rahm Emanuel on Thursday selected his chief of staff to lead the city's struggling public schools as the district deals with budget cuts and a multibillion-dollar pension crisis.
- Headquarters of Kraft business heading to downtown Chicago Updated: Jul-16-15 1:47 pm
NEW YORK - Two weeks after shareholders signed off on a tie-up between Kraft and Heinz, the company has announced a move that will bring its Kraft headquarters from the northwest suburbs of Chicago into the city itself.
- Company under probe pushed for ex-Chicago schools CEO hiring Updated: Jul-12-15 4:38 pm
CHICAGO - A published report shows the head of a suburban education company central to an ongoing federal investigation pushed for the hiring of Chicago Public Schools former CEO and lobbied on her behalf.
- Rauner pension plan would end union negotiations, freeze pay Updated: Jul-12-15 12:35 pm
CHICAGO - Gov. Bruce Rauner says Illinois could save billions of dollars each year through an ambitious new plan to address hugely underfunded pension systems, a proposal he describes as "fair and reasonable" for both government workers and taxpayers.
- Obama administration takes aim at segregation in housing Updated: Jul-08-15 4:39 pm
CHICAGO - The nation's head of urban housing policy announced new regulations Wednesday aimed at fulfilling promises of the 1968 Fair Housing Act by promoting racially integrated neighborhoods.
- Report: Firm fees from Chicago schools borrowing tops $18M Updated: Jul-04-15 3:43 pm
CHICAGO - Dozens of legal and financial firms have been paid roughly $18 million in fees from borrowing and debt-refinancing deals with Chicago Public Schools since 2011 when Mayor Rahm Emanuel first won office, according to a newspaper report published Saturday.
- Mayor: Chicago school cuts include layoffs, less maintenance Updated: Jul-01-15 9:25 pm
CHICAGO - Chicago school and city officials detailed $200 million in cuts - including layoffs, scaled-back maintenance and reduced transportation - to the nation's third-largest school district Wednesday, one day after the district paid a $634 million pension bill officials said it couldn't afford.
- Chicago schools make pension payment; 1,400 jobs 'impacted' Updated: Jun-30-15 10:16 pm
SPRINGFIELD, Illinois - The interim CEO of Chicago Public Schools said Tuesday 1,400 jobs will be "impacted" after Illinois lawmakers failed to provide relief and the financially struggling district had to borrow money to make a $634 million contribution to its teacher pension funds.
- Donald Trump scheduled to address City Club Updated: Jun-29-15 12:50 pm
CHICAGO - Donald Trump is making a stop to address the City Club of Chicago.
- Court ruling makes Chicago Pride parade 'a true celebration' Updated: Jun-29-15 6:50 am
CHICAGO - People filling streets and sidewalks for Chicago's annual gay pride parade said Sunday's event was particularly meaningful - and an even bigger celebration than usual - following the U.S. Supreme Court's ruling allowing same-sex marriages in all 50 states.