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Exclusive: City Hall’s financial time bomb

Mayor Rahm Emanuel speaks mediDirksen Federal Building Monday June 16 2014. | Chandler West/For Sun-Times Media

Mayor Rahm Emanuel speaks to the media at the Dirksen Federal Building on Monday, June 16, 2014. | Chandler West/For Sun-Times Media

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WATCH: City swaps and Chicago's financial situation, explained
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Updated: July 19, 2014 6:23AM



Already facing a host of financial worries, Mayor Rahm Emanuel’s administration could be stuck with a nearly $200 million tab as a result of betting heavily on risky interest-rate “swaps” under former Mayor Richard M. Daley. Read more at http://politics.suntimes.com/article/chicago/exclusive-financial-time-bomb-chicago/tue-06172014-731pm


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