Illinois' pension gap is estimated at $83 billion — and it costs $12.6 million more every day the state does nothing to address the crisis. The state can't readily come up with the money, and while politicians say they want to help, they're unlikely to act during an election year.
Long associated with urban decay, Oakland, Calif., has experienced a resurgence in recent years with a revitalized downtown. The New York Times listed the city as No. 5 among its top "places to go" in 2012. But its comeback may be threatened by California's state budget tightening.
Two-thirds of Americans say the country is headed in the wrong direction, according to a survey conducted by polling firm Penn Schoen Berland. Pollster Mark Penn explains that though Americans are losing confidence in the nation, they have retained a sense of personal optimism.
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