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Actions Wednesday by powerful aldermen Ed Burke and Carrie Austin signal City Council might not yet be ready for reform. Paris Schutz has the latest on that and how aldermen have watered-down the mayor’s borrowing plan – for now.

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Chicago is going back to the banks to borrow more than $1 billion, despite its recent junk bond status. Paris Schutz details why the city's chief financial officer says it's necessary.  

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Political correspondent Paris Schutz dives into Mayor Rahm Emanuel's bond borrowing plan with Chicago aldermen. View a graphic.