Cash-strapped city borrows at rates approaching 8 percent – Chicago Tribune – Chicago Tribune

Cash-strapped city borrows at rates approaching 8 percent – Chicago TribuneChicago TribuneMayor Rahm Emanuel’s decision to borrow for costs such as debt payments, bank fees and penalty payments on old deals gone bad — the kind of bills cities typically pay with operating funds — will cost Chicago more than $500 million in interest over […]

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