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)

Nomura Economist Miwa Weighs in on the Japanese Economy
58:31 - Nomura Chief Japan Economist Takashi Miwa discusses his outlook for the Japanese economy. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
  • Former Sen. Baucus Says U.S. Needs to Lead on North Korea
  • PayPal CFO on Partnerships, Credit Business and Expansion
  • Baucus Says Presidents Have Most Power in First 6 Months