The state of Illinois is hoping investors will snap up $800 million worth of bonds next week. The investment world has not looked kindly on Illinois bonds in recent years as the state has struggled with a mountain of debt.
Updated 8/8/11 at 4:00p.m.CTThe Dow Jones Industrial Average posted one of its biggest single day losses in history Monday as the Dow dipped below the 11,000 mark for the first time since October, 2010. Similar declines were posted on the S&P 500 and the Nasdaq, each of whi
Republicans and Democrats quickly doled out blame to each other and China weighed in angrily after the first-ever downgrade in America's sterling credit rating — an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S.
Illinois Republicans say the United States needs to change its economic policies. The credit agency Standard & Poor warns the U.S. government could lose its top credit rating in the next two years if lawmakers don't make a long-term plan to lower the deficit.U.S. Sen.
A new report ranks Illinois fifth in the nation for having the largest combined pension and debt burdens per capita. The Moody's Investors Service report attempts to hone in on how pension liabilities will affect credit ratings.