Former White House Chief of Staff Bill Daley is calling on Governor Pat Quinn to hold around-the-clock talks to resolve the state's $97 billion pension shortfall. Daley will hold a news conference in Chicago today to publicly urge the governor to get more aggressive in trying to solve the crisis.
Daley has formed an exploratory committee as he considers running against Quinn in next spring's Democratic primary. Daley campaign spokesman Pete Giangreco says that "a confluence of issues" in the last week has increased the urgency for Illinois lawmakers to solve the state's worst-in-the-nation pension problem. Giangreco says that includes the lowering of Chicago's bond rate, Detroit's bankruptcy and a higher Illinois unemployment rate. He says the state's problem is "beyond a crisis now."