Stermer Says Illinois Can't Tread Water on Pensions
Aug. 17 (Bloomberg) -- Illinois Budget Director Jerry Stermer talks about the state's unfunded pension liability.
Illinois has set aside only 45 percent of what it needs to meet public-worker pension obligations, the worst of any U.S. state. Standard & Poor’s may cut its bond rating if lawmakers don’t come up with a fix today. Stermer talks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
On “Charlie Rose,” a conversation with Evan Osnos. He covers politics and foreign affairs for The New Yorker. He is also the author of "Age of Ambition - Chasing Fortune, Truth, and Faith in the New China." His latest report is a cover story on China's president, Xi Jinping. It is called, "China's New Authoritarian." (Source: Bloomberg)
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