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Illinois Credit Downgrade

Don't Call It a Comeback... Yet

Emily J. Miller | Posted 04.08.2014 | Chicago
Emily J. Miller

The looming revenue collapse -- the one that will take place automatically at midnight on January 1, 2015 -- will reverse any progress we've made, and will plunge Illinois deeper into its hole.

Illinois' Worst-In-The-Nation Credit Rating Downgraded Again

Reuters | Posted 08.06.2013 | Chicago

CHICAGO, June 6 (Reuters) - Illinois' bond rating slid down the credit scale on Thursday to the lowest level in the state's history as Moody's Inves...

Credit Concerns Rise After State Legislature's Pension Failure

Reuters | Posted 08.03.2013 | Chicago

By Karen Pierog CHICAGO, June 3 (Reuters) - Illinois' governor and lawmakers this week hope to revive efforts to address the state's p...

Report: Illinois' Unpaid Bills Could Hit $21.7 Billion In 5 Years

Reuters | Posted 04.27.2013 | Chicago

CHICAGO, Feb 25 (Reuters) - Illinois' pile of overdue bills could nearly triple to $21.7 billion in five years unless the state takes action to curb...

State's Worst-In-Nation Credit Outlook Lowered Again

Reuters | Posted 02.13.2013 | Chicago

CHICAGO, Dec 13 (Reuters) - Illinois' public pension funding problems, likely to persist if not worsen, led Moody's Investors Service on Thursday...

Tea Party Congressman Calls Governor Of His State A 'Tool'

Posted 01.17.2012 | Chicago

U.S. Rep. Joe Walsh has been a vocal critic of everyone from President Obama to "typical" Republicans, and during a Tea Party meeting in Darien, Ill. ...