Moody’s credit rating service warned on Wednesday that new tax hikes by Illinois’ Democrat-controlled legislature, which over-rode a Republican governor’s veto, may still leave the state insolvent and subject to its debt being the first in the nation to be downgraded to “junk.”
Illinois lawmakers are rushing to pass a budget to make sure the state avoids a junk credit rating.
As Orange County, Ca. was making its final bankruptcy bond payment to end its 23-year bankruptcy reorganization; Illinois, Connecticut, and Maine went into default shut-downs after failing to pass state budgets before the start of their July 1st fiscal years.
Contents: Voting for statehood will not save Puerto Rico from financial crisis; Puerto Rico plunges into contentious bankruptcy proceedings; Illinois bond rating expected to be cut to junk status
The Illinois House passed a bill allowing the state to register eligible voters automatically, the Associated Press (AP) reported.
Illinois Democrats are hoping to pass a minimum wage hike up to $15 an hour during the spring legislative session despite the governor’s opposition to increases of any kind.
Illinois Gov. Bruce Rauner and his wife Diana are listed as $50,000 sponsors of Planned Parenthood of Illinois for an upcoming fundraiser in Chicago.
A growing list of Democrat challengers have already announced campaigns to replace first-term Illinois Republican Governor Bruce Rauner, and now a fifth candidate has stepped forward.
On August 23, Illinois Governor Bruce Rauner (R) signed a gun control bill aimed at reducing the record gun violence currently witnessed in the city of Chicago.
Donald Trump is the projected winner of the Illinois Republican primary. With just over a third of the ballots cast, Trump was leading with 39 percent of the vote. Texas Sen. Ted Cruz was second with 27 percent, followed by
Texas Sen. Ted Cruz is holding five rallies across Illinois on Monday in the lead-up to its Super Tuesday vote tomorrow. Although the latest polls show Trump with a lead in Illinois, the Cruz rallies highlight the superior ground effort of his campaign.
The deadlock is almost an existential disagreement between Republican Gov. Bruce Rauner and Democrat leadership in the state Legislature.
Two towns some 80 miles west of Chicago are struggling to recover from a series of deadly tornados that careened through the area killing two, injuring 20, and leaving dozens of families homeless.
Embattled Republican Congressman Aaron Schock and four other Illinois Republicans are again making the call for “comprehensive” immigration reform saying that an amnesty-like “path to citizenship” is the only way forward.
Newly-inaugurated Illinois governor Bruce Rauner is the state’s first Republican governor in 12 years. In a state suffering the worst fiscal crisis of any in the Union, save perhaps California, the billionaire businessman is expected to restore sound principles to state management. Yet in his first “State of the State” address, Rauner failed to mention the words “pension,” “debt,” or “deficit”–and focused on other issues, including labor union reform and a proposed minimum wage hike to $10.
