Chicago Mayor Struggles to Find Revenue for Debt-Ridden City.

Chicago Mayor Brandon Johnson is facing a significant challenge in addressing the city's nearly $1 billion deficit within five weeks. The progressive first-term Democrat is in a heated debate with aldermen over revenue-raising measures, including proposed property tax hikes that have been rejected. The city's financial troubles are exacerbated by its mountain of debt and pension liabilities, with S&P Global Ratings warning of a potential credit downgrade. Mayor Johnson is under pressure to find revenue to fund critical services without making cuts, but his efforts have faced opposition and challenges. [Extracted from the article]