Weather Updates

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

storyidforme: 67955756
tmspicid: 24166435
fileheaderid: 11937775

Related Documents

 Time bomb


WATCH: City swaps and Chicago's financial situation, explained
Article Extras
Story Image

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

© 2014 Sun-Times Media, LLC. All rights reserved. This material may not be copied or distributed without permission. For more information about reprints and permissions, visit To order a reprint of this article, click here.