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FILE - In this April 7, 2011 file photo, Chicago Mayor Richard M. Daley, left, and Mayor-elect Rahm Emanuel share a moment at a Chicago White Sox game at U.S. Cellular Field in Chicago. Emanuel, the hard-charging mayor is intent on fixing what ails the nation’s third-largest city. Emanuel once nicknamed “Rahmbo” for his fierce political maneuvering, last week announced an agreement with several unions to help bail out the nation’s worst-funded city pension systems, a festering problem he inherited from Daley. Emanuel said the deal, which would slice Chicago’s nearly $20 billion shortfall in half by cutting benefits and raising property taxes, would keep the funds from insolvency and avoid massive cuts in services and a record tax hike. (AP Photo/Charles Rex Arbogast, File)

FILE - In this April 7, 2011 file photo, Chicago Mayor Richard M. Daley, left, and Mayor-elect Rahm Emanuel share a moment at a Chicago White Sox game at U.S. Cellular Field in Chicago. Emanuel, the hard-charging mayor is intent on fixing what ails the nation’s third-largest city. Emanuel once nicknamed “Rahmbo” for his fierce political maneuvering, last week announced an agreement with several unions to help bail out the nation’s worst-funded city pension systems, a festering problem he inherited from Daley. Emanuel said the deal, which would slice Chicago’s nearly $20 billion shortfall in half by cutting benefits and raising property taxes, would keep the funds from insolvency and avoid massive cuts in services and a record tax hike. (AP Photo/Charles Rex Arbogast, File)

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