Illinois review of Sears' $15 million in tax breaks drags on as company fights to survive

CHICAGO - Struggling Sears Holdings Corp. has cut thousands of jobs and closed hundreds of stores this year as it tries to stay afloat heading into the retail industry's make-or-break holiday season.

But while it's waiting for shoppers, Sears is also waiting on the state of Illinois, which has yet to decide whether the department store chain has lived up to the terms of an agreement reached six years ago to give it millions of dollars in tax credits.

Not getting the credits, worth $15.3 million