Tag Archives: these-measures

Chicago shuts down on Monday to save money

In the first of three Reduced Service days, rubbish collections were suspended and libraries and health centres were closed. Workers have been asked to take an enforced unpaid holiday in a move the authorities hope will save $8.3m. Chicago's Mayor Richard M Daley thanked state employees for their “sacrifice”.

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Chicago shuts down on Monday to save money

House Panel Approves New Rules on Executive Pay

WASHINGTON — Marking an important victory for the White House, a congressional committee approved on Tuesday legislation closely resembling the Obama administration’s proposal that attempts to impose new restraints on executive pay. The approval by the House Financial Services Committee, on a straight party line vote of 40 to 28, clears the way for the measure to be considered by the full House later this week, where it is likely to be adopted. The bill does not set pay limits.

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House Panel Approves New Rules on Executive Pay