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)

German 2-Year Yield Falls Outside the Box
36:11 - In today's "Single Best Chart," Bloomberg's Tom Keene displays the deepening of the negative yield on the German 2-Year bond. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
  • Putin, Hollande Join Forces to Combat IS in Syria
  • Retail's Future of Bankruptcy and Price Certainty
  • France Honors Terror Attack Victims