Finance News



  • Illinois Lawmakers Reveal Outline for Pension Reform
  • The group of lawmakers working on pension reform is focused on a new outline of ideas aimed at bringing the state's $100 billion pension monster to heel, but what's not in the plan may prove as interesting as what is in it.

  • Defending Abortion Limits Can Cost States Millions
  • Just last week, Idaho was ordered to cover the $376,000 in legal fees a woman there spent on suing the state after she was charged for an illegal abortion, according to the Associated Press. Combined with its past defense of abortion limits, the state has shelled out more than $1 million since 2000. And it’s far from alone.



  • Federal Budget to Fight Wildfires is Depleted
  • For the second straight year, the federal government has run through its budget for fighting wildfires amid a grueling, deadly season and will be forced to move $600 million from other funds, some of which help prevent fires.

  • Obama Touts Tennessee's College Funding Rules
  • President Barack Obama’s call on Thursday for states to follow Tennessee’s lead and award greater funding to colleges that show results with students pushed the state’s evolving education policies into the national spotlight once again.



  • Nonprofits Balking at N.Y. Law on Disclosing Political Donors
  • In an era of enormous, and often secretive, political spending, an ethics law championed by Gov. Andrew M. Cuomo was billed as a major breakthrough: tax-exempt groups that lobby New York State government would finally be required to reveal where they got their money.




  • Scandalized Gov. McDonnell Touts Budget Surplus for Virginia
  • Virginia Gov. Robert F. McDonnell announced Monday that the state finished its fiscal year in June with a significant budget surplus, a ray of good news overshadowed by an intensifying federal investigation into gifts and money provided to the governor and his family by a wealthy political supporter.




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