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)
What Burgers Can Say About the Spanish Economy
05:58 - Burger's aren't usually considered an economic indicator, but Spain's GDP is growing. For want of a metaphor, it's getting meatier. Bloomberg's Maria Tadeo met one entrepreneur who set up a burger shop when times were tough in 2013.
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