California Kicks Off $14 Billion in Bond Sales

The fiscally struggling state hopes that investors concerns over its troubles will be offset by their desire for yield. Governor Schwarzenegger has called a special legislative session to address a deficit now projected to be m…

Chicago’s Next Mayor Could Find City Coffers Almost Empty

Chicago’s next mayor may find the city’s coffers almost empty after Richard M. Daley dipped into reserves to balance this year’s budget.

The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year’s budget pa…

Chicago’s Next Mayor Could Find City Coffers Almost Empty

Chicago’s next mayor may find the city’s coffers almost empty after Richard M. Daley dipped into reserves to balance this year’s budget.

The city expects a $654.7 million deficit for 2011, Bloomberg News reported. Daley balanced this year’s budget pa…