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Standard & Poor's Gives Illinois Negative Outlook
Thursday, July 24, 2014 5:00 AM
Standard & Poor's Ratings Services has changed its outlook on Illinois' credit rating for the worse. The agency Wednesday revised its outlook from "developing'' to "negative'' on Illinois' A-minus rating. S&P says the state's $35.7 billion budget isn't structurally balanced. It also cites an Illinois Supreme Court ruling that found the state can't force retirees to pay for part ...
Illinois Insurance Subsidies in Place for Now
Tuesday, July 22, 2014 12:25 PM
Officials say Illinois health insurance customers shouldn't feel any immediate effect of a federal appeals court panel's ruling as a confusing legal battle continues over President Barack Obama's health care overhaul. Contradictory rulings were issued Tuesday by two federal appeals court panels. One said the federal government couldn't offer financial assistance to people in states like ...
Area Highways in $1 Billion Construction Plan
Tuesday, July 22, 2014 11:05 AM
Gov. Pat Quinn has approved an approximately $1 billion capital construction spending plan intended to repair Illinois roads and bridges. The Chicago Democrat signed the bipartisan measure Tuesday. It also provides lawmakers with opportunities for ribbon-cutting ceremonies in an election year. But some legislators were concerned the plan didn't offer details when the Legislature ...
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