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Quinn Holding Firm On Income Tax Proposal

23 News WIFR

Posted: 04/24/2009 - Gov. Pat Quinn says he'll compromise to get a state budget but he seems to be holding firm on his proposal to increase the income tax as a way to raise money.

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AP source: Chrysler Lenders Make Counteroffer

Posted: 04/24/2009 - A person familiar with the matter says Chrysler's lenders have delivered another counteroffer to the Treasury Department as the two sides continue to haggle over Chrysler's debt.

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Treasury Lends $2B More to General Motors

Posted: 04/24/2009 - WASHINGTON -- The Treasury Department says it has provided General Motors Corp. with another $2 billion in federal loans as the giant automaker struggles to restructure.

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AP source: Chrysler Lenders Make Counteroffer

Posted: 04/24/2009 - NEW YORK -- A person familiar with the matter says Chrysler's lenders have delivered another counteroffer to the Treasury Department as the two sides continue to haggle over Chrysler's debt. The offer was delivered Friday, but the terms were not immediately available. The person spoke on condition of anonymity because the negotiations are private. Earlier this week, the Treasury Department asked the lenders to forgive $5.4 billion of the $6.9 billion in debt in exchange for a 5 percent stake in the company. The lenders had been seeking nearly a 40 percent stake to forgive just $2.5 billion. Besides cutting labor costs and slashing debt, Chrysler must finalize a partnership with Italian automaker Fiat by the end of the month, or the Auburn Hills, Mich., automaker faces bankruptcy.

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Blagojevich Comes to L.A. to Plug Reality Show

Posted: 04/24/2009 - ARCADIA, Calif. -- Former Illinois Gov. Rod Blagojevich can't go to Costa Rica to be in a reality TV series but he still hopes to have a role in the show. Rod Blagojevich has filmed a promotional spot for NBC's "I'm a Celebrity ... Get Me Out of Here!" He was strapped into a harness and hoisted in front of a blank "green screen" to simulate a parachute jump. Wind machines mussed his famous mop of hair. A judge has refused to give the ex-governor permission to travel abroad while he faces trial on racketeering, fraud and other charges. Blagojevich says he's just trying to support his family. He's comparing himself to other Americans who've lost their jobs, adding "you've just got to keep moving and knocking on doors."

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Wisconsin Tax Collections Down Nearly 4%

Posted: 04/24/2009 - MADISON, Wis. -- In another sign of the recession, Wisconsin's tax collections are down nearly 4% this year compared to last.

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Leaders say Quinn Needs to Work for Tax Increase

Posted: 04/24/2009 - Top legislative leaders say they are looking forward to budget negotiations next week, but they warned that Gov. Pat Quinn will have to lobby lawmakers hard if he wants them to bite on his income tax plan.

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Rockford Shooting

Updated: 04/23/2009 - Three men are in custody in Rockford after shots ring out on the city's West Side from two cars going after each other. One of those vehicles ended up nearly plowing over some residents sitting outside their home.

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Gov. Quinn in Rockford for Earth Day

Updated: 05/04/2009 - In honor of Earth Day this week, our governor was in the stateline, discussing ways to help the environment, and our wallets.

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Harrison Median Fight

Updated: 05/04/2009 - A local businessman fighting Winnebago county over some Harrison avenue road work gets a small win tonight.

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Coronado-Haskell Neighborhood Sweeps up Crime

23 News WIFR

Updated: 05/04/2009 - Residents in the Coronado-Haskell neighborhood in Rockford are reviving their fight against criminals. Dozens took to the streets tonight for a spring 'clean-up' rally of sorts.

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Janesville GM Plant Officially Shuts Down

Updated: 09/04/2009 - It's all over for the longest running GM plant in the country. We talk to laid-off workers and learn what the future holds for Janesville, now that its flagship employer has officially shutdown.

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A Global Vision For the Future

Updated: 07/22/2010 - A local manufacturer expects nearly 50 percent of its' business this year to be international.

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Midwest Home Sales Post 7 pct Annual Decline

Posted: 04/23/2009 - Authorities say home sales in the Midwest declined again last month as lingering economic uncertainty kept early spring home shoppers from becoming buyers. But they also say the region still fared better than the rest of the country.

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Youth Volunteering Dips, First Time Since 9/11

23 News WIFR

Posted: 04/23/2009 - Volunteering has helped define a generation of young Americans. Many high schools require community service. And donating time is all but expected on a young person's college or job application.

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