Tag Archives: illinois

Good News, California!

Illinois’ credit rating downgraded; state drops to worst in the nation.

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Good News for California

Moody’s now rates Illinois as having the worst credit rating in the country.

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Chicago Going as Bankrupt as California

Mish – Illinois Doesn’t Pay Bills; Crisis Pushes Businesses to Edge of Bankruptcy: Illinois isn’t bothering with the formality of issuing IOUs, as California did last year. It simply doesn’t pay. Right now, $4.4 billion worth of bills, some dating … Continue reading

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