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>> RAHM EMANUEL Latest News

JUL 02, 2015 - Newsmax

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Chicago Schools Cut 1,400 Jobs as State Weighs Pension Fix

Chicago Public Schools will eliminate 1,400 positions as the district cuts $200 million in spending amid a pension-driven crisis. Mayor Rahm Emanuel on Wednesday called the cuts "intolerable" and "unacceptable" for the nation's third- largest school system.

Tags: Chicago Schools Cut 1,400 Jobs as State Weighs Pension Fix,  Rahm Emanuel Latest News

JUN 19, 2015 - Zero Hedge

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Cities, States Shun Moody's For Blowing The Whistle On Pension Liabilities

A little over a month ago, Moody’s downgraded the city of Chicago to junk, triggering over $2 billion in accelerated payment rights for creditors and complicating an effort by Mayor Rahm Emanuel to refinance some $900 million in floating rate debt and borrow another $200 million to pay off the related swaps.  The decision by Moody’s came on the heels ...

Tags: Cities, States Shun Moody's For Blowing The Whistle On Pension Liabilities,  Rahm Emanuel Latest News