What began as a proposal by a presidential candidate has since turned into a heated debate over managing the nation's trillion dollar student debt burden.
Nearly 40 percent of recent college graduates don’t think they’ll pay off their student loan debt within 10 years, according to a new study.
After nearly a decade, household debt in the U.S. has surpassed its peak levels of the 2008 Great Recession.
Like a planet drifting into a black hole, the state’s unprecedented political stalemate over the budget is increasingly sucking public education into financial uncertainty. State lawmakers discuss the fight over public education and Gov. Bruce Rauner's budget ultimatum.
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What does Chicago’s borrowing $9.8 billion over 13 years buy? A Chicago Tribune investigation found it bought obsolete software, trash bins, flowers and dog waste bags—among other spending that’s driven up the city’s long-term debt. We talk with the journalists who uncovered the unmonitored spending spree.
Now that the government has reopened and a debt default has been averted, we get reaction from Sen. Dick Durbin and other Illinois lawmakers about what happens next.
President Obama signed an 11th-hour deal averting a devastating debt default. But it’s a short-term deal that may result in another funding battle on January 15 and debt limit deadline February 7. What is the real economic impact of the shutdown? And what effects will it have on markets? We have analysis.
Will the U.S. government run out of money and shut down within the month? We take a look at how the country got back to fighting against the debt limit clock.
A super bust. That is what many are saying about the Congressional debt super committee after members admit they will not come to an agreement to cut the deficit. We take a look at why no deal came together.
First Greece, now Italy. The Italian economic crisis has put the country on the brink of default on its massive debt, and the colorful Italian prime minister may be one of the casualties. Eddie Arruza and his panel look at how events in Europe are impacting things on this side of the Atlantic.
President Barack Obama unveils a $3 trillion deficit reduction plan. But can he find a consensus in Congress? Carol Marin talks with two Illinois Congressmen about the proposal and more.
As President Obama hit the road today to slam the partisanship in Congress, the final three members of the debt reduction "super committee" were named. Eddie Arruza and his panel take a look at who the 12 committee members are, and whether they'll be able to reach a consensus on spending cuts.