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Regional News
Cook County Governments Face $34B Financial Burden, Report Finds
by: Caitlin Devitt
Tuesday, December 4, 2012
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The local governments of Cook County, Ill. together face a financial burden of $34 billion from unfunded pension liabilities and other debt, according to a pair of public policy groups in Chicago.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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