underfunded pensions

SEC Charges Illinois With Fraud -- and Settles Immediately

On Monday, the Securities and Exchange Commission published a notice that simultaneously charged the state of Illinois with committing securities fraud and also settled the charges, without requiring Illinois to either "admit or deny" the agency's findings.

The Big, Continuing Stories That Could Derail 2011

Major news stories ebb and flow, rising to the headlines and then slipping out of the spotlight. But even as they fade from attention, keep an eye on this handful of long-term issues with the potential to disrupt the U.S. economy and global recovery.