Post Profile

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 … Click to Continue »
read more


Related Posts

Ratings agency Standard & Poor's drops South Africa to junk

Politics / US Politics : Washington Watch

South Africa's rand tumbled on Monday afternoon after credit ratings agency Standard & Poor's downgraded the country's the credit grade to junk status, saying political and institutional uncertainty after a … Click to Continue »

As Moody's junks Chicago, more peril across Illinois

US Politics / Liberal : Page's Page

Decades of craven trade-offs by Chicago and Illinois politicians hit taxpayers with costly consequences once again Tuesday. Moody's Investors Service downgraded the city's credit rating by two notches, to junk. That means Chicagoans...

US budget deficit narrowed to $42.9 billion in July

Politics / US Politics : Washington Watch

The federal budget deficit fell sharply in July from a year earlier, largely because of a quirk in the calendar. The U.S. Treasury Department says the budget gap came in … Click to Continue »

Ratings agency downgrades credit of 6 Illinois universities

Politics / US Politics : Washington Watch

The Illinois' continued state budget problems have prompted S&P Global Ratings to downgrade the credit worthiness of six state universities and the City Colleges of Chicago. The credit house … Click to Continue »


Copyright © 2016 Regator, LLC