Chicago's $425 Million Budget Deficit May Jeopardize Credit Rating

The Chicago Sun-Times reports:

Chicago has a $425 million budget gap that will require a "paradigm shift" in services the city provides, the way they are delivered and the number of employees and agencies responsible, top mayoral aides told organized labor on Wednesday.

For more on Chicago's decline.For how Chicago has lost more people than Detroit(according to census estimates) since the year 2000.