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)

Most Recent Videos

Still Tremendous Growth Opportunities for Amazon: Jarvis
22:42 - Jan. 29 -- Jeff Jarvis, author of "What Would Google Do?" and Bloomberg's Cory Johnson dissect Amazon's fourth-quarter earnings report released today. They speak with Bloomberg's Pimm Fox on "Taking Stock."
  • Google's Achilles Heel: The Mobile Market
  • Quest Diagnostics CEO Says Obamacare a `Net Positive'
  • Republicans Should End DHS Budget `Stunt,' Earnest Says