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In an unprecedented analysis of Chicago’s finances, a Chicago Tribune investigation found that city officials have long abused their borrowing privileges, spending funds meant for long-term initiatives on problematic short-term expenses from library books to legal settlements. Residents know little about it, as Illinois law doesn’t require Chicago to ask voters’ permission before issuing bonds. And when the city can’t pay what it owes, it uses yet more borrowed money as leverage to push off paym
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Longtime Chicago-based hardware chain files bankruptcy, announces sale to rival
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How Chicago Ticket Debt Sends Black Motorists Into Bankruptcy
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Illinois trucking companies file for Chapter 11 bankruptcy protection
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