The Federal Reserve is among the most powerful institutions in the nation and also among the more private. But new audio tapes secretly recorded by a former employee (profiled on This American Life) provide a rare look into meetings involving officials from the Federal Reserve Bank of New York.
Bruce Rauner's campaign continues to point the finger at Gov. Pat Quinn for a prison early release program in 2009.
Illinois in August added a fifth consecutive month of across-the-board unemployment declines in its 12 metro areas.
When Illinois voters weigh in on raising the state's minimum wage in November, the result — no matter the outcome — won't affect Illinois law, at least not directly. It’s non-binding, but that's not stopping Democratic politicians from campaigning on the referendum.
U.S. Senator Dick Durbin says the U.S. only has so much power over the terrorist group known as the Islamic State. American airstrikes expanded to Syria this week after six weeks of bombings over Iraq, where ISIS has strongholds.
Chicago Mayor Rahm Emanuel on Tuesday asked state legislators to make possession of less than 1 gram of any controlled substance a misdemeanor in Illinois and possession of less than 15 grams of marijuana a ticketable offense.
Amid signals that Illinois' pension overhaul could be found unconstitutional, Gov. Pat Quinn argued Friday that it makes no sense to develop a contingency plan.
Federal authorities in Chicago issued a new subpoena seeking records involving Gov. Pat Quinn's troubled anti-violence program, state officials confirmed Tuesday.
A new report from Moody's investors service says Illinois still faces "daunting pension challenges" despite a 2013 law intended to curb the state's pension costs. So do its cities.
A major credit-rating house reports that Illinois' pension liability as a percentage of its revenue is far and away the nation's highest.