The Talk of North Central Illinois

Upcoming Events

Sunday, Jul 24, 12:30 PM
Sunday, Jul 24, 2:30 PM
Monday, Jul 25, 6:30 PM
Tuesday, Jul 26, 5:30 PM
Wednesday, Jul 27, 6:30 PM

Social Media

Find us on Facebook Follow us on Twitter




Illinois' credit rating drops again

Illinois' inability to reach a deal on pension reform has resulted in another credit downgrade. Fitch Ratings dropped the state's rating outlook from stable to negative. The rating action affects approximately 26-point-two-billion dollars in outstanding general obligation bonds. Fitch says they issued the downgrade after lawmakers failed to pass a reform package during lame duck session. The agency believes the burden of the unfunded pension liabilities and growing annual pension expenses is unsustainable.

Comments

Your Local Station For:

Prescott Ford
Copyright © 2016 WRHL. WRHL. News Talk 1060am. All Rights Reserved.
Site by RiverBender.com