Wednesday, July 12, 2017

Daily Digest 7/12 - LA Budget Woes Continue, CA Cuts Services To Pay Pension Costs

Daily Digest 7/12 - LA Budget Woes Continue, CA Cuts Services To Pay Pension Costs
  • A city pension board vote could add to Los Angeles' budget woes
  • Senator calls Illinois tax increase a 'welcome to Michigan' sign
  • California Cuts Services, Staff to Pay Pension Costs
  • Emanuel sloughs off Moody’s threat to drop Chicago’s bond rating
  • Troubled Chicago school system sells $500 million bonds at high rates
  • Illinois' $21 billion in school debt pushes up property taxes
  • Risks in China's banking sector controllable: official
  • US consumer credit up $18.4 billion in May, most in 6 months
  • EU seeks more collective approach to dealing with bad loans

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