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    1. by Allan Sloan, The Washington Post, and Cezary Podkul , ProPublica, What happens when you’ve been kicking the fiscal can down the road for years, but the road suddenly hits a dead end? That’s what Chicago – and the state of Illinois – are about to find out. Chicago’s immediate problem is yesterday’s credit downgrade by Moody’s Investors Services, which turned its debt to junk and could force ...

    2. Illinois has hired a Chicago law firm to further investigate claims by women’s basketball players that coaches mistreated them.

    3. IN THE NEWS

      U.S. Marine CorpsMay 26 06:40 AM

      CHICAGO, Illinois -- Service members joined residents of Chicago and surrounding cities May 23 in downtown Chicago in order to commemorate the lives of those fallen heroes who made the ultimate sacrifice in service to our nation and American freedom.

    4. CHICAGOIllinois officials say a safety feature that slows trains traveling dangerously fast is one of the last components that must be installed before a Chicago-St. Louis high-speed line becomes operational.

    5. Chicago bonds initially priced with top yield of 5.96 pct

      Reuters via Yahoo! FinanceMay 27 07:02 AM

      The bond sale is part of Chicago's plan to convert about $805 million of variable-rate debt to fixed rate and ending related interest-rate swaps. Chicago's credit rating was downgraded earlier this month to junk by Moody's Investors Service in the wake of an Illinois Supreme Court ruling that narrowed the city's options for dealing with its $20 billion unfunded pension liability.

    6. Chicago Pot Expo Proves That The Industry Is Far Reaching

      Benzinga via Yahoo! FinanceMay 26 11:22 AM

      Though marijuana is growing ever more popular throughout the U.S. as several states have legalized medicinal and recreational use of the drug, the tight restrictions on growing and selling cannabis products ...

    7. Illinois lawmakers pass marijuana decriminalization bill

      Reuters via Yahoo! NewsMay 21 01:28 PM

      By Mary Wisniewski CHICAGO (Reuters) - The Illinois Senate on Thursday passed a bill decriminalizing possession of small amounts of marijuana, sending it to the governor for signature. The bill, which passed 37-19 vote, makes possession of up to 15 grams of marijuana a civil law violation punishable by a $125 fine. The measure was approved by the Illinois House of Representatives in April.

    8. Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell will outline the business benefit of a thriving cultural community at the inaugural Chicago Forum on Global Cities, co-hosted by The Chicago Council on Global Affairs and the Financial Times, May 27-29 in Chicago.

    9. Illinois Republicans offer help for Chicago pension woes

      Reuters via Yahoo! NewsMay 19 05:19 PM

      Illinois' Republican legislative leaders said on Tuesday that lawmakers in their party want to help Chicago address a looming $550 million pension payment increase in the waning days of the legislative session. "We'd like to be partners in trying to fix that situation as well," Senate Republican Leader Christine Radogno said at a news conference at the state capitol in Springfield aimed at ...

    10. New Illinois-Chicago coach Steve McClain discusses the Flames, Indiana and recruiting in basketball hotbed Chicago.

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