Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 
Susan Smith-Harmon

Susan Smith-Harmon

Quinn pleased court will hear appeal on pay case

Thursday, 17 October 2013 02:13 Published in Local News

   CHICAGO (AP) - Gov. Pat Quinn says he's pleased the Illinois Supreme Court has agreed to hear his appeal of a ruling that found his veto of lawmakers' pay unconstitutional.

   The court issued its one-page order Wednesday. A hearing date has not been set.

   Quinn halted lawmakers' salaries in July.  He said they shouldn't get paid until they addressed Illinois' nearly $100 billion pension crisis.

   House Speaker Michael Madigan and Senate President John Cullerton then sued, arguing Quinn didn't have the authority to halt lawmaker paychecks.

   A Cook County judge in September ordered that legislators be paid immediately.

   Quinn appealed directly to the state's high court, saying his move was allowed through the state constitution.

   Quinn's spokeswoman says the governor will continue to not accept his own paycheck until pension reform is achieved.

 

   St. Louis city officials want to do more to preserve some vacant buildings for future development, and tear down those that are beyond repair.  The St. Louis Post-Dispatch reports that a bill will be filed Friday with the Board of Aldermen that would set up a preservation fund of about $500,000 a year to fix roofs and walls on long-term vacant buildings.  An equal amount would go to the city's demolition fund.  

   The paper reports that the cash would come from a new fee on electrical, plumbing and mechanical permits, but building owners would face a lien for the costs as well.  

   If the aldermen agree, the measure  would go before voters, possibly as early as next spring.

   A separate bill also to be filed Friday would toughen penalties for owners who let decay their so-called "high merit" historic buildings, like the now-demolished Cupples 7 building.

 

Relief around world as US avoids debt default

Thursday, 17 October 2013 01:13 Published in National News

   BEIJING (AP) — The International Monetary Fund appealed Thursday to Washington for more stable management of the nation's finances as Asian stock markets rose after U.S. leaders agreed to avoid a default and end a 16-day government shutdown.

   With only hours to spare until the $16.7 trillion debt limit was reached, Congress passed and sent a waiting President Barack Obama legislation late Wednesday night to allow more borrowing and reopen government agencies.

   "World heaves sigh of relief as U.S. barely averts debt default," said the Times of India newspaper in a headline.

   IMF managing director Christine Lagarde welcomed the deal but said the shaky American economy needs more stable long-term finances. The deal only permits the Treasury to borrow normally through Feb. 7 and fund the government through Jan. 15.

   "It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner," Lagarde said in a statement.

   The Tokyo stock market, the region's heavyweight, gained as much as 1.1 percent. Markets in China, Hong Kong and South Korea also rebounded from losses.

   China and Japan, which each own more than $1 trillion of Treasury securities, appealed earlier to Washington for a quick settlement. There was no indication whether either government had altered its debt holdings.

   China's official Xinhua News Agency had accused Washington of jeopardizing other countries' dollar-denominated assets. It called for "building a de-Americanized world," though analysts say global financial markets have few alternatives to the dollar and U.S. government debt for trading and holding currency reserves.

   Asian companies and investors had expressed confidence the United States would avoid a default. But had sold Treasurys to avoid possible losses if Washington delayed repayment. Others put off buying stocks that might be exposed to a U.S. downturn.

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Rams to host 2 prime-time games in 2014

Rams to host 2 prime-time games in 2014

   The St. Louis Rams will open the 2014 season at home against the Minnesota Vikings on September 7th.      The 2014 schedule released Wednesday al...

Mets cut down tying run, hold off Cardinals 3-2

Mets cut down tying run, hold off Cardinals 3-2

NEW YORK (AP) -- Lucas Duda hit a long home run and the New York Mets threw out the potential tying run at the plate in the ninth inning to hold off the St. Louis Cardinals 3-2 ...

Wainwright injures knee, Cardinals blank Mets 3-0

Wainwright injures knee, Cardinals blank Mets 3-0

  NEW YORK (AP) -- Adam Wainwright threw seven neat innings before leaving with a knee injury, and Jon Jay hit a two-run single that sent the St. Louis Cardinals to a 3...

Albert Pujols hits 500th HR of major league career

Albert Pujols hits 500th HR of major league career

  WASHINGTON (AP) -- Albert Pujols reached 500 homers in a hurry.   The Los Angeles Angels' first baseman hit a pair of shots off Washington Nationals righ...

Lyons solid in 1st start, Cards blanked by Mets

Lyons solid in 1st start, Cards blanked by Mets

  NEW YORK (AP) -- Tyler Lyons stepped into the St. Louis rotation and looked right at home. Too bad for him, the Cardinals couldn't get anyone home to help him. &n...

Blackhawks blank Blues 2-0 in Game 3

Blackhawks blank Blues 2-0 in Game 3

CHICAGO (AP) -- Corey Crawford made 34 saves in his third career postseason shutout, and the Chicago Blackhawks got back into their playoff series with the St. Louis Blues with ...

Cards defense, bullpen falter in 3-2 loss to Nats

Cards defense, bullpen falter in 3-2 loss to Nats

  WASHINGTON (AP) -- The Cardinals managed to score twice against Stephen Strasburg while starter Shelby Miller kept the Nationals offense quiet. Nine outs away from ta...

© 2013 KTRS All Rights Reserved