Quinn: Pension problem is Illinois' 'fiscal cliff'
CHICAGO (AP) — Gov. Pat Quinn says the pension crisis is Illinois' own fiscal cliff.
The Chicago Democrat spoke to reporters Monday during a breakfast event at Bloomberg's Chicago office.
He's set a Jan. 9 deadline to overhaul the pension system, which is underfunded by an estimated $96 billion. On that day, new lawmakers will be sworn in after a lame duck session in Springfield.
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