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)
OPEC Ready to Talk to Other Producers to Get 'Fair' Price
49:26 - OPEC renewed its readiness to talk to other crude exporters to achieve "fair and reasonable prices." Bloomberg's Dan Murtaugh reports on "First Up." (Source: Bloomberg)
  • Consumer Stocks the One Bright Spot in China: Leung
  • Market Volatility: Will It Go Away Any Time Soon?
  • Harald and Caroline Link: High Flyers (Full Show 8/27)