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(Tracy O / Flickr)

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

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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.

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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. 

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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.

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