Treasury Department
(Florian Hirzinger/Wikimedia)
May 01, 2013

The Federal Deficit is Actually Shrinking

During the housing bust, taxpayers were forced to bail out mortgage giants Fannie Mae and Freddie Mac. But thanks to the real estate recovery, Fannie Mae could end up paying tens of billions of dollars back to the Treasury this summer.


May 01, 2013

House Committee OKs Madigan Pension Plan

An Illinois House committee is endorsing a plan by Speaker Michael Madigan to tackle a Goliath-sized public-employee pension deficit. The Personnel and Pensions Committee OK'd the Chicago Democrat's plan 9-1 Wednesday.


April 30, 2013

AFSCME to Re-Vote on State Contract

Illinois’ new deal with the state’s largest public employees union could be null and void. The union is going to take a second vote on its contract agreement with Gov. Pat Quinn’s administration.


April 30, 2013

Madigan Proposes Illinois Pension Changes

Illinois House Speaker Michael Madigan is proposing a comprehensive pension-reform package that caps the salary on which a pension can be based and limits annual cost-of-living increases.


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