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Illinois seeks a bailout from Congress for pensions and cities

APRIL 20, 2020 | by Mary Walsh | THE NEW YORK TIMES

By Mary Williams Walsh, includes “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 a letter the Illinois Senate president sent to members of Congress. … Though Mr. Harmon pointed to the pandemic as the reason Illinois needed help, the problems with its pension system far predate the coronavirus.” 

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