How do you teach your children to be smart about money? New York Times personal finance columnist Ron Lieber seeks to answer that question in his new book, The Opposite of Spoiled. He joins us to discuss how to instill values and the value of the dollar in a younger generation.

Bruce Rauner says he has ideas to cut $1 billion from state government, and one of them involves chickens. But the governor calls it a budget "prank."

From Washington to Wall Street to Main Street, the U.S. has a spending problem. The nonprofit MoneyThink is working to change that spending culture by teaching fiscal literacy to youth in urban areas. We chat with 24-year-old entrepreneur and MoneyThink co-founder Ted Gonder about the organization’s mission, his work in Chicago, and his new White House advisory council position. Watch a video.

Legislators gather in Springfield today to hash out plans for moving the state forward. Budget proposals, tax hike remedies and the ever-present pension reform issue hang in the balance as the Republican primary draws near. Is progress being made on these issues in the state capital? Do Illinois governor hopefuls have new ideas for state reform, and will we hear about them before the March 18 primary? We have analysis.

Defense is one of many areas facing cuts in Congress' expected sequester. Economics professors debate what this means for your budget.

Gov. Pat Quinn signs a package of bills to save Medicaid from financial collapse. But the result is steep cuts to many in Illinois who rely on the coverage. Ash-har Quraishi has the details.

Terry Savage

The post-holiday spending bills are hitting the mail and inboxes this week. We look at how to tame your overall finances in 2012.

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.