Illinois officials say this week’s bond sale went better than expected, but traders say the state is still paying a higher interest rate than any other state in the country.Illinois bonds are rated the worst in the country by Moody’s – reflecting the state’s inability to pay
Federal prosecutors are dismissing three of the charges against former Illinois Governor Rod Blagojevich. The charges are counts 1, 2, and four, racketeering, racketeering conspiracy, and wire fraud. Blagojevich attorney Sheldon Sorosky welcomes the news. "We're thankful.
The State of Illinois will find out this week how willing investors are to buy the state’s bonds, which are rated the lowest in the country by Moody’s. The state plans to sell $3.7 billion worth of bonds as early as tomorrow to make this year’s pension payment.
Some community leaders on Chicago’s West Side don’t like the way Illinois Gov. Pat Quinn’s administration is doling out funds in a $31 million program to combat Chicago-area youth violence. They wonder why aldermen are involved and why the pastor of Ald.
Illinois National Guard officials said the 440 Illinois soldiers on a yearlong peace-keeping mission in Egypt have not been seriously affected by the rioting in Cairo and other major Egyptian cities. The Illinois troops aren't able to use commercial communication method
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.
Illinois Gov. Pat Quinn plans to appeal a court ruling striking down a $31 billion dollar statewide construction plan. The appellate court ruling, issued Wednesday, said the construction plan, which is meant to pay for big roads, bridge and school projects, is unconstitutional.