WASHINGTON — It's just about over for a special deficit-reduction supercommittee, which appears set to admit failure on Monday in its quest to sop up at least $1.2 trillion in government red ink over the coming decade.The bipartisan 12-member panel is sputtering to a close after two months of talks
WASHINGTON — A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers at least $1.2 trillion over the coming decade.The panel is sputtering t
Mayor Emanuel got a second helping of public opinion on the city budget Wednesday night. The mayor held two town halls this week; he asked constituents for ideas to close the city’s estimated $635 million deficit. Much of the red ink on the city’s balance sheet bled over from the
After months of bickering, posturing and name calling, Congress reached a debt deal. Legislators used every inch of room before hitting Tuesday’s debt-ceiling deadline. The deal passed the House and is expected to pass the Senate Tuesday. Still, nobody appeared to jump for joy.
Union leaders say they have found ways to save Chicago about $242 million that will also save the jobs of as many as 625 workers who Mayor Rahm Emanuel plans to lay off.On Tuesday, union leaders said they'd delivered a report to Emanuel's office that takes aim at a bloated middle mana