Illinois’ largest state employee union has reached a tentative agreement on a new contract, the union said. The two sides came to agreement in the hours after the union’s previous contract ...

The Democrats in control of the Illinois state government are preparing to enact sweeping pension and health care cuts for public employees ... of-living adjustment (COLA) and replace it with ...

Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and Standard & Poor’s downgraded Illinois debt to just one notch above ...