By Steve Daniels, includes “The House overwhelmingly passed a bill to permit the treasurer to allocate 5 percent of state cash to cut student debt. Can a broke state afford the risk? … Frerichs argues he would be generating higher returns than the 2 to 3 percent his office produces by investing in short-term and relatively safe fixed-income securities. At the same time, he would be meeting a pressing need to free up cash for younger workers …”
Read the full article on: Crain’s Chicago Business