Archive for June, 2011

Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday.

Geithner said he…

The Army Corps of Engineers said Friday that the levels of the Mississippi, Missouri and Illinois rivers in the St. Louis area remain manageable, easing concerns that any higher water could crimp Fourth of July weekend boating and camping.

Col. Tom O’…

Thaddeus McCotter, a guitar-playing fifth-term congressman from Detroit’s suburbs known for his eccentric sense of humor and independent streak, will seek the Republican nomination for president, he said during a radio interview Friday.

McCotter, 45,…

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,”…

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…

SPRINGFIELD — 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.
Gov. Pat Quinn signed the ban on capital punishment March 9, but the…

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…

Treasury Secretary Timothy Geithner said Thursday he’ll stay put at the Treasury Department for the “foreseeable future,” addressing speculation he might leave the Obama administration following the current round of budget negotiations.

“I live for this…