US & Canada round-up: Illinois governor proposes sweeping pension legislation, and more

10 Jul 15

A round-up of recent public finance stories from the US & Canada you might have missed.

Illinois Governor Bruce Rauner on Wednesday unveiled pension legislation that calls for sweeping changes, including the ability to file for municipal bankruptcy, to save billions of dollars for the state and local governments. (Reuters)

The government of Canada has altered its procurement policies for companies seeking government contracts following convictions of bribery, money laundering and other offences. (Journal of Commerce)

Hiking interest rates too soon could stall the US economy, the International Monetary Fund said, embellishing a prior call for the Federal Reserve to hold steady until early next year. (Market Watch)

ANALYSIS: Many observers now predict the Canadian economy will contract over the entire second quarter, meaning Canada will be in a recession by the end of the summer just as the Conservatives ask voters for a fourth straight mandate. (cbc news)

FEATURE: Without a budget, Illinois now lacks the authority to keep checks flowing to the non-profit groups that deliver services to the poor, elderly and disabled. (Chicago Tribune)

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Cooking Recipes International and Cooking Recipes. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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