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Monday, April 7, 2014

Rahm Emanuel Faces Public Pension Crisis

CHICAGO (AP) — Rahm Emanuel has been a force in politics — the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses and now the hard-charging mayor intent on fixing what ails the nation's third-largest city, no matter whom he ticks off in the process.


But less than a year before asking voters to give him a second four-year term, the man once nicknamed "Rahmbo" for his fierce political maneuvering has now come face to face with a mess that could undermine Chicago's reputation as an efficient metropolis and derail its ambitions to become a high-tech business mecca: the worst public pension crisis of any major U.S. city.




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