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Editorial: Legislature should override Debt Transparency Act veto
— Herald-Whig | Editorial Board — View the article. Illinois Comptroller Susana Mendoza has the unenviable task of determining which bills the state can pay. Going more than two years without a budget, when spending continued to outpace revenue, escalated a backlog of unpaid bills that last week reached $14.7 billion. Of course, that’s only…
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Bond sale to pay overdue bills may aid Illinois’ credit rating – S&P
— Reuters | Reuters Staff — View the article. The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. The credit rating…
