Cook County Treasurer Maria Pappas says the average Chicago household now owes a whopping $63,525 to cover local government debt. Phil Ponce sits down with her to ask how she came up with the staggering $108 billion total amount.

• Pappas Details Impact of Local Government Debt
• Pappas' speech before the Civic Federation
• Taxing Districts' Financial Statements
• PR Newswire article