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• Detroit Bankruptcy Ignites Pension Battles
• Jul. 22, 2013
• Detroit's historic bankruptcy filing -- already thrown into turmoil by a Michigan court Friday -- has ignited a largely uncharted legal front in the closely watched battle between public employee unions and governments across the country struggling to meet costly pension obligations.

• Study: Location Matters in Climbing Income Ladder
• Jul. 22, 2013
• A new study is being called the most detailed portrait yet of income mobility in the United States and is the first with enough data to compare upward mobility across metropolitan areas.

• New Lights in Closed Chicago Schools Scrutinized
• Jul. 22, 2013
• Key members of the Chicago Infrastructure Trust called for school officials to provide more details on an energy efficient light project after a Tribune story Friday raised questions about why the trust would fund lights in schools that were just closed.

• Chicago's Bond Rating Takes a Big Hit
• Jul. 19, 2013
• Chicago's bond rating has taken a big hit, suffering the first downgrade in the two-year tenure of Mayor Rahm Emanuel, who was warned by financial analysts of the need to take drastic -- even politically daring -- actions to get his city's fiscal house in order.

• How Much Did Homebuyer Tax Credits Help Housing’s Recovery?
• Jul. 18, 2013
• A recent Brookings report evaluates their effects on the housing market.

• Detroit's Pension Boards Sue to Block Cuts in Workers' Benefits
• Jul. 18, 2013
• Detroit’s two pension funds today sued emergency manager Kevyn Orr and Gov. Rick Snyder in an attempt to block Orr from slashing pension benefits for thousands of current and active city workers as part of his plan to restructure the city’s massive debt.

• Ohio Governor Boosts Rainy Day Fund to New High
• Jul. 15, 2013
• Ohio's rainy day fund has hit an all-time high of $1.48 billion, following a deposit of $996 million last week from a budget surplus.

• Congress' Failure to Keep Student Loan Rates Low Won't Stop State Reforms
• Jul. 11, 2013
• States, which Education Secretary Arne Duncan says are a vital part to federal financial aid reform, are pushing ahead with their plans to make college affordable and accessible.

• Foreclosures Drop Nationwide, But Some States Still Struggling
• Jul. 11, 2013
• The number of foreclosures nationwide dropped last month to the lowest level since December 2006. But the problem is still severe in Florida, Nevada, Illinois and Ohio, due largely to the lengthy foreclosure process in those states, a new report shows.

• West Virginia Lawmakers Travel to North Dakota to Study Oil-Tax Fund
• Jul. 11, 2013
• State lawmakers from West Virginia are coming to North Dakota this summer to learn more about the state's efforts to set aside tax money generated by the oil and gas industry.

• Ill. Governor Suspends Lawmakers' Salaries for Failing to Pass Pension Reform
• Jul. 11, 2013
• Lawmakers of both parties Tuesday rejected yet again his deadline for solving the state's public pension nightmare amid rising criticism that Quinn would rather pressure them through public pronouncements than get involved in the nitty-gritty of legislative negotiations.

• Report: Immigration Overhaul Could Boost State, Local Revenues
• Jul. 10, 2013
• Granting citizenship to 11 million undocumented immigrants in the United States could boost state and local government coffers by about $2 billion annually, said a liberal-leaning think tank study released on Wednesday.

• Wal-Mart Gives D.C. Ultimatum over 'Living Wage' Bill
• Jul. 10, 2013
• The world’s largest retailer delivered an ultimatum to District lawmakers Tuesday, telling them less than 24 hours before a decisive vote that at least three planned Wal-Marts will not open in the city if a super-minimum-wage proposal becomes law.

• Commentary
• Spending Cuts and the Termites in the Basement
• Jul. 10, 2013
• The gap between the rhetoric and the reality of sequestration is an opportunity for Washington to follow in the footsteps of state and local governments by rethinking how services are delivered.

• Chicago Infrastructure Bank Gets Slow Start
• Jul. 9, 2013
• More than a year after Mayor Rahm Emanuel announced the creation of the nation's first urban infrastructure bank it has not broken ground on a single venture. The slow start is being attributed to the lack of a working model, which means building policies for how the bank will operate from scratch.