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Chicago Tribune: Illinois Senate President Don Harmon asks feds for $41 billion coronavirus bailout
Democratic Illinois Senate President Don Harmon is asking federal lawmakers to provide more than $41 billion to the state as part of the next coronavirus relief package, including $10 billion to stabilize a massively underfunded pension system.
“I realize I’ve asked for a lot, but this is an unprecedented situation, and we face the reality that there likely will be additional, unanticipated costs that could result in future requests for assistance,” Harmon wrote in a Tuesday letter to members of the state’s congressional delegation.
Crain's Chicago Business: Illinois Senate chief seeks congressional bailout
Illinois needs more than $40 billion in relief from the federal government because of the coronavirus pandemic—including $10 billion to help bail out its beleaguered pension system, according to the letter sent this week.
Chicago Sun-Times: Disbarred southwest suburban lawyer caught up in Bridgeport bank failure probe
A disbarred southwest suburban lawyer who spent seven years in prison in a mortgage-fraud scheme is now entangled in the investigation of a failed Bridgeport bank whose president was found dead in a customer’s bedroom as federal regulators rushed to shut down the bank over massive fraud.
It’s unclear why federal investigators have been talking with the disbarred attorney John Farano Jr., about the collapse of Washington Federal Bank for Savings.