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State Of Illinois On Its Last Legs

Last week it was reported that the illinois Budget was in dire financial straits making it a perfect candidate for Sa.....»»

Category: blogSource: valuewalkJun 19th, 2017

Key Challenges Facing Illinois’ Municipal Bonds

The state of Illinois once again did not pass its budget and expectations are a continuation of credit downgrades may affect their municipal bonds. Our p.....»»

Category: blogSource: valuewalk11 hr. 28 min. ago

Illinois may soon feel the high cost of a junk rating

Credit agencies warn that without a budget for a third straight year, the state will fall below "investment grade".....»»

Category: topSource: moneycentral13 hr. 58 min. ago

Illinois may soon feel the high cost of a "junk" rating

Credit agencies warn that without a budget for a third straight year, the state will fall below "investment grade".....»»

Category: topSource: moneycentral14 hr. 43 min. ago

Illinois could be 1st state with "junk" credit due to budget

Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit and cost taxpayers more for years to come......»»

Category: topSource: foxnewsJun 24th, 2017

Illinois Comptroller: "The State Can No Longer Function"

With just 10 days to .....»»

Category: blogSource: zerohedgeJun 21st, 2017

A look at Illinois" budget mess as lawmakers head to Capitol

Already holding the title for longest state budget stalemate, Illinois is poised to enter a third year without a spending plan as the feud between Republican Gov. Bruce Rauner and Democrats controlling the Legislature drags on......»»

Category: topSource: foxnewsJun 20th, 2017

Illinois State Official: "We Are In Massive Crisis Mode, This Is Not A False Alarm"

Last week we reported that as Illinois, a state which now faces over $15 billion i.....»»

Category: blogSource: zerohedgeJun 17th, 2017

Official warns Illinois finances in "massive crisis mode"

During the two-and-a-half years Illinois has gone without a state budget, the previously little-known office of comptroller has had the unenviable job of essentially sitting at the kitchen table trying to figure out how to pay the bills......»»

Category: topSource: foxnewsJun 17th, 2017

Illinois lotto players may fall victim to state budget crisis

Illinois lottery officials are warning that if the state doesn't pass a budget before June 28, they will halt Powerball and Mega Millions ticket sales......»»

Category: topSource: cnnJun 17th, 2017

Powerball and Mega Millions players may fall victim to Illinois budget crisis

If the state can't pay, you can't play......»»

Category: topSource: moneyJun 17th, 2017

For Illinois, no budget means no Powerball or Mega Millions

The organization that runs the multi-state lottery games gives the state until the end of June to hammer out a budget deal.....»»

Category: topSource: moneycentralJun 16th, 2017

Illinois will lose Powerball, Mega Millions without budget

A published report says the multi-state lottery association overseeing Powerball and Mega Millions games will dump Illinois by the end of June if the state doesn't end its budget impasse......»»

Category: topSource: foxnewsJun 15th, 2017

Illinois governor calls special session to force budget deal

Illinois Gov. Bruce Rauner is calling state legislators into a special session to work out a budget deal and end an impasse that could soon enter a third year......»»

Category: topSource: foxnewsJun 15th, 2017

Unable To Pay Bills, Illinois Sends "Dear Contractor" Letter Telling Firms To Halt Road Work On July 1

Authored by Mike Shedlock via MishTalk.com, The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing .....»»

Category: blogSource: zerohedgeJun 15th, 2017

Illinois" Economic Growth Is Worse Than During The Great Depression

Authored by Michael Lucci via IllinoisPolicy.org, Illinois’ total state economic activity has increased by only 4 percent since 2007, which is lo.....»»

Category: blogSource: zerohedgeJun 14th, 2017

Illinois: Will it be the first state to file bankruptcy?

If there was ever a candidate for state bankruptcy, Illinois would be it. The state is the only state in the union that has operated without a complete and balanced budget for the past 700 days. The state operates based […] The post I.....»»

Category: blogSource: valuewalkJun 13th, 2017

Could Illinois be first state since Depression to go bankrupt?

Illinois has long been the poster child for a dysfunctional state fiscal policy. .....»»

Category: topSource: moneycentralJun 12th, 2017

Could Illinois be first state since Depression to go bankrupt?

Illinois has long been the poster child for a dysfunctional state fiscal policy. .....»»

Category: topSource: moneycentralJun 12th, 2017

Could Illinois be the first state to go bankrupt?

Illinois has long been the poster child for a dysfunctional state fiscal policy. .....»»

Category: topSource: moneycentralJun 12th, 2017

Could Illinois be the first state to go bankrupt?

Illinois has long been the poster child for a dysfunctional state fiscal policy. .....»»

Category: topSource: moneycentralJun 12th, 2017