Edition:
United States

David Greising

Illinois governor's budget seeks cuts to end structural deficit

Feb 18 2015

SPRINGFIELD, Ill./CHICAGO Illinois Governor Bruce Rauner proposed a fiscal 2016 budget on Wednesday that he said will eliminate a $6.2 billion structural deficit without relying on higher taxes or borrowing.

Open-outcry trading stood no chance, says futures 'father' Melamed

Feb 04 2015

CHICAGO Leo Melamed is known as "the father of financial futures," and on the day electronic futures trading killed off its pit-style sibling, Melamed said it was all for the best.

Open-outcry trading stood no chance, says futures 'father' Melamed

Feb 04 2015

CHICAGO, Feb 4 Leo Melamed is known as "the father of financial futures," and on the day electronic futures trading killed off its pit-style sibling, Melamed said it was all for the best.

Little money for Ferguson, scene of rare U.S. suburban riots

Dec 05 2014

Sonya Roberts' liquor store in Ferguson, Missouri was vandalised during rioting in August and November, and with no government aid available, she is relying on Internet crowd-funding and a credit union loan to keep afloat.

Little money for Ferguson, scene of rare U.S. suburban riots

Dec 05 2014

Sonya Roberts' liquor store in Ferguson, Missouri was vandalized during rioting in August and November, and with no government aid available, she is relying on Internet crowd-funding and a credit union loan to keep afloat.

Little money for Ferguson, scene of rare US suburban riots

Dec 05 2014

Dec 5 Sonya Roberts' liquor store in Ferguson, Missouri was vandalised during rioting in August and November, and with no government aid available, she is relying on Internet crowd-funding and a credit union loan to keep afloat.

Doubts over whether Detroit bankruptcy plan gets job done

Sep 02 2014

DETROIT Reuters) - Detroit’s plan to recover from bankruptcy includes several blueprints for a new future. The only problem is the city, the largest ever to file for bankruptcy, is still a long way from financially healthy and its restructuring plans leave little room for error.

Doubts over whether Detroit bankruptcy plan gets job done

Sep 02 2014

DETROIT, Sept 2 Reuters) - Detroit's plan to recover from bankruptcy includes several blueprints for a new future. The only problem is the city, the largest ever to file for bankruptcy, is still a long way from financially healthy and its restructuring plans leave little room for error.

Creditor cramdown could imperil money pledged for Detroit retirees

Apr 10 2014

NEW YORK, April 10 Kevyn Orr, Detroit's emergency manager, said he has lined up support from enough creditors of the bankrupt city to force concessions from others, but doing so would risk the loss of more than $800 million in funding from the state of Michigan and philanthropic foundations.

Analysis: No answers for Chicago's pension ills as mayor prepares budget

Oct 22 2013

CHICAGO When Mayor Rahm Emanuel delivers Chicago's 2014 budget address on Wednesday, he will lay out plans for tackling a $340 million deficit, but a bigger problem barreling down on the city will have to wait - a state-mandated jump of about $600 million in pension payments starting in 2015.

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