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Proposal for Illinois to borrow $4B to pay bills

Updated: 9:39 PM A state lawmaker is proposing Illinois borrow $4 billion to pay its overdue bills, saying agencies and vendors who do business with the state are in dire straits and need to be paid.

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Cullerton: Pension plan solid, constitutional

Posted: 11:01 PM Illinois Senate President John Cullerton is defending attempts to fix the state's pension problem after an influential business group said it couldn't be done.

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Obama to Address `Fiscal Cliff' on Friday

Posted: 10:49 PM President Barack Obama will make his first postelection comments Friday about actions needed to avoid the so-called fiscal cliff that could plunge the economy back into recession.

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Quinn Plays Down Rejection of Pension Amendment

Posted: 10:39 PM Gov. Pat Quinn played down voters' rejection of a proposed amendment to the Illinois constitution that would have made it harder to expand public employee retirement benefits.

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Election Night Recap

Updated: 11:41 PM Here is a recap of our Election Night Coverage.

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Presidential Race Update

Posted: 9:07 PM At this hour, Romney is leading Obama in the race for the presidency by a 50 percent to 48 percent margin in the popular vote nationwide.

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