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Municipal Bankruptcy in Illinois

Should Cities Have the Option?

Should Chicago declare bankruptcy as its financial challenges grow in light of its credit downgrade to junk status by Moody’s Investors Service? We talk to a panel of experts about whether Mayor Rahm Emanuel should consider the move and what it would mean for city. Joining us are Bob Reed, director of programming at the Better Government Association; Don Haider, professor at Northwestern University's Kellogg School of Management and a former budget director for Mayor Jane Bryne; and Lamont Black, assistant professor at DePaul University's Driehaus College of Business.