The fiscal cracks may be turning into floodgates as the state government approaches a fifth month without a budget. A major ratings agency on Monday dealt a blow to the state as a result of the inaction in Springfield. Has it emboldened either side to get off the sidelines and work together on a solution? Paris Schutz has the latest.
City’s Credit Rating, Obama Library Become Focus of Race
The Obama Library and the city's beleaguered credit rating take center stage in the mayoral race, as a new poll shows Rahm Emanuel and Jesús "Chuy" García are in a dead heat.
Banks could claim nearly $200 million from Chicago if the city's credit rating drops three more notches because of existing interest rate swaps made by Richard Daley's administration.
Illinois yanks its bonds off the market after a downgrade in its credit rating last week. We find out how this will affect finances for the worst-rated state in the nation.