NIU's finances crippled by state budget crisis.
DeKalb, IL – The DeKalb-area's largest employer is suffering a cash-flow crisis. That was the description offered by Northern Illinois University President, John Peters. Among other things, Peters has ordered a hiring freeze. He says the goal is to conserve cash, so that NIU can continue to meet payroll. We hear now from WNIJ's, Christopher Hosken, about how the school got into this mess: