Michael Madigan

Business leaders to Rauner, Madigan: Fix this 'unprecedented fiscal crisis'

Business leaders to Rauner, Madigan: Fix this 'unprecedented fiscal crisis'

A group of influential Chicago-area business leaders — folks not known for being alarmist or imprudent — is slapping a warning label on Illinois.

They're rightfully predicting unprecedented calamity and economic turmoil if the state's budget stalemate, along with billions of dollars in unpaid bills, is allowed to continue.

Did you hear that, Republican Gov. Rauner? Got that, Democratic Speaker Michael Madigan?

This dire warning permeates a recent report from the Civic Committee of the Commercial Club of Chicago, a nonprofit assembly of the area's top-shelf investors, entrepreneurs and corporate chiefs, including those running large employers like Northern Trust, Illinois...

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