Chicago prepares to borrow $1.1 Billion

Chicago prepares to borrow $1.1 Billion
Chicago prepares to borrow $1.1 Billion

Chicago prepares to borrow $1.1 Billion

Mayor Rahm Emanuel is getting ready to borrow $1.1 billion as part of his debt restructuring plan. It would be his biggest round of borrowing yet. Monday, the City Council’s Finance committee weighs in, and the full Council is expected to vote on the measure later this week. So, what does this mean for the the already financially strapped city? Brian Battle, Director of Trading at Performance Trust Capital Partners, an investment advisory firm here in Chicago, joins to explain. (Flickr/Alan Cleaver)