Archive for June, 2011

Is America ready for a “private-equity president”?

Yes, said Sun Capital Partners co-Chief Executive Rodger Krouse when asked Thursday at Thomson Reuters’ Buyouts Chicago, a meeting of private-equity execs in Chicago. The answer was a veiled reference…

Treasury Secretary Timothy Geithner predicted Congress will overcome partisan divisions and increase the federal debt ceiling before an Aug. 2 deadline, warning that the failure to do so would be “unthinkably damaging to the economy.”

Speaking Thursday…

The death penalty in Illinois officially ends Friday, and the 15 prisoners who once faced execution already have been scattered across prisons throughout the state.

The death penalty in Illinois officially ends Friday, and the 15 prisoners who once faced…

Mayor Rahm Emanuel revealed Thursday that he’s interested in making the Chicago River the next recreational frontier of the city.

“We have a great river, it hasn’t really been paid attention to and I want to make that change,” Emanuel said. “It’s a…

“You need to be here. I’ve been here. I’ve been doing Afghanistan and (Osama) bin Laden and the Greek crisis. You stay here. Let’s get it done.”

—President Barack Obama, chastising Congress for leaving Washington for summer breaks while the debt-…

In his last full day on the job, outgoing Defense Secretary Robert Gates was honored with the Presidential Medal of Freedom, America’s highest civilian honor, on Thursday during a tribute in front of the Pentagon.

The Senate on Thursday confirmed the nomination of Ryan Crocker to be the new U.S. ambassador to Afghanistan.

Minnesota stumbled into its second government shutdown in six years on Thursday, with a partisan divide over taxes and spending to close a $5 billion deficit becoming only more bitter as a midnight deadline came and went without agreement.

Any hope of a…