The Illinois Legislature has approved a historic plan to eliminate the state's $100 billion pension shortfall, considered the worst in the nation.
Some University of Illinois faculty are suggesting the school could provide a supplemental package to make up for a perceived loss in pensions with legislature's passage of reform legislation.
Rod Blagojevich's lawyers laid out a final set of arguments in writing before they step before appellate judges next week to argue that the imprisoned ex-governor deserves a new trial.
The largest municipal bankruptcy in U.S. history took a major step forward Tuesday when a federal judge ruled that the city of Detroit is eligible for protection under Chapter 9 of the U.S. bankruptcy code.
Illinois legislators will be asked on Tuesday to take what many say could be the most important vote of their careers. They have been called back to Springfield to take up a measure that would drastically alter the state's retirement plans.
The Illinois Senate has approved tax incentives worth roughly $58 million for chemical distributor Univar and newly-merged OfficeMax and Office Depot.
More than 1 million people will see their extended unemployment benefits immediately cut off at the end of the month if Congress doesn't act.
Commemorating the 25th World AIDS Day a day late, President Obama announced an initiative Monday to find a cure for HIV infections that would be funded by $100 million shifted from existing spending.
A University of Illinois finance professor who helped craft a separate pension reform plan with other faculty last spring says the new one before lawmakers this week is missing some important pieces.
Business groups including the Illinois Chamber of Commerce and the Illinois Manufacturing Association say they're in favor of a pension overhaul that lawmakers are poised to consider this week.