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In a roughly 30-minute speech on Wednesday, Gov. Bruce Rauner lightly mentioned the ongoing budget impasse and did not say the phrase “Turnaround agenda" once. Instead, the governor struck tones of reconciliation on issues such as pension reform and education funding.

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After the Illinois Supreme Court ruled a pension reform plan unconstitutional, lawmakers have failed to come up with a solution to a problem that worsens with each passing day. Could some form of federal bailout or bankruptcy restructuring be the answer for Illinois? 

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A dire report from Illinois' comptroller today: The state budget stalemate has reached an alarming point in the state's ability to make a significant pension payment and pay bills.