Lawmakers Fail To Fix Illinois Pension Gap .

From The Wall Street Journal:

Illinois lawmakers failed to address the deepest public-pension shortfall in the nation Tuesday, unable to come to an agreement before a new legislature is sworn in.

"All that happens is the problem gets bigger and the solutions get more challenging," said Elaine Nekritz, a Democratic state representative and co-author of a failed bill that called for a freeze in the annual cost-of-living increase for public-sector retirees.