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S&P downgrades Illinois to A-minus, citing pension inaction - Chicago Tribune

S&P downgrades Illinois to A-minus, citing pension inaction - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
NBC Chicago S&P downgrades Illinois to A-minus, citing pension inaction Chicago Tribune S&P, which had lowered Illinois to A from A-plus in August, placed a negative outlook on the lower rating, saying legislative consensus and action would be...
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Illinois sets $500M bond sale for Jan. 30 - Chicago Tribune

Illinois sets $500M bond sale for Jan. 30 - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Illinois sets $500M bond sale for Jan. 30 Chicago Tribune Governor Pat Quinn, who has pushed for action on pensions, has warned that the state could pay higher borrowing costs for its ongoing multibillion-dollar capital program if rating agencies...
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Durbin: Odds are good for immigration reform

Durbin: Odds are good for immigration reform | Illinois Legislative Affairs | Scoop.it
Sen. Dick Durbin says the chances are good that the U.S. Senate will pass comprehensive immigration reform.
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Illinois closing 7 unemployment offices - Chicago Tribune

Illinois closing 7 unemployment offices - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Illinois closing 7 unemployment offices
Chicago Tribune
The Illinois Department of Employment Security said it will close seven offices and cut 192 jobs, citing federal budget cuts and falling unemployment claims.
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As pension debt climbs in Illinois, other programs suffer - Peoria Journal Star

As pension debt climbs in Illinois, other programs suffer - Peoria Journal Star | Illinois Legislative Affairs | Scoop.it
Belleville News Democrat As pension debt climbs in Illinois, other programs suffer Peoria Journal Star Stacy Goodar was in her first year at a private hospitality management school when she learned she would lose several thousand dollars in state...
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Lack of Pension Reform Affects All Illinoisans - CBS Local

Lack of Pension Reform Affects All Illinoisans - CBS Local | Illinois Legislative Affairs | Scoop.it
CBS Local
Lack of Pension Reform Affects All Illinoisans
CBS Local
SPRINGFIELD, Ill. (AP) - Illinois' budget crisis is expected to worsen after lawmakers failed to enact pension reform last week, and residents will feel the impact across Illinois.
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Two Big Warnings for Illinois After Legislature Fails to Pass Pension Reform

Two Big Warnings for Illinois After Legislature Fails to Pass Pension Reform | Illinois Legislative Affairs | Scoop.it
Credit ratings service, State Treasurer issue warning to lawmakers.
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State Lawmakers To Try For Pension Reform Again In New Assembly

State Lawmakers To Try For Pension Reform Again In New Assembly | Illinois Legislative Affairs | Scoop.it
SPRINGFIELD, Ill. — New day. New lawmakers.
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Illinois pension problem is punted to incoming General Assembly - Chicago Tribune

Illinois pension problem is punted to incoming General Assembly - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Chicago Tribune Illinois pension problem is punted to incoming General Assembly Chicago Tribune The complex problems of pension funding gave way to a host of political concerns and a governor scrambling for ways to save face after once declaring...
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Unemployment down in 11 of 12 Illinois metro areas - Businessweek

Unemployment down in 11 of 12 Illinois metro areas - Businessweek | Illinois Legislative Affairs | Scoop.it
SurfKY News
Unemployment down in 11 of 12 Illinois metro areas
Businessweek
The Illinois Department of Employment Security on Thursday reported that Decatur is the only metro area to see an increase in the unemployment rate for the month.
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Illinois Governor Quinn Isn't Sweating the Fiscal Cliff - KMOX.com

Illinois Governor Quinn Isn't Sweating the Fiscal Cliff - KMOX.com | Illinois Legislative Affairs | Scoop.it
KMOX.com
Illinois Governor Quinn Isn't Sweating the Fiscal Cliff
KMOX.com
SPRINGFIELD, IL (IRN) – Illinois Gov. Pat Quinn is not losing sleep over the so-called “fiscal cliff.” In the absence of congressional action, come Jan.
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Quinn: Legislature Has Time for Pension Reform

Quinn: Legislature Has Time for Pension Reform | Illinois Legislative Affairs | Scoop.it
Gov. Pat Quinn says lawmakers should have plenty of time to deal with pension reform and other major issues during a shortened lame duck session. (Gov.
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Illinois jobless rate falls to 8.7%; largest monthly job gain this year - Chicago Sun-Times

Illinois jobless rate falls to 8.7%; largest monthly job gain this year - Chicago Sun-Times | Illinois Legislative Affairs | Scoop.it
Illinois jobless rate falls to 8.7%; largest monthly job gain this year Chicago Sun-Times Illinois added 16,400 jobs in November — the biggest monthly gain this year — to bring the unemployment rate to 8.7 percent, down from 9.8 percent a year ago...
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Illinois Treasurer Dan Rutherford Considers Run for Governor - CBS Local

Illinois Treasurer Dan Rutherford Considers Run for Governor - CBS Local | Illinois Legislative Affairs | Scoop.it
CBS Local
Illinois Treasurer Dan Rutherford Considers Run for Governor
CBS Local
SPRINGFIELD, Ill. (IRN) — The state treasurer is concerned about Illinois' financial condition, and he is thinking about running for governor.
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Topinka: Ill. agencies face billion shortfall

Topinka: Ill. agencies face  billion shortfall | Illinois Legislative Affairs | Scoop.it
The state is running out of money for workers' compensation, child welfare and services for seniors and the disabled, she said. (RT @tmaniccia: IL State Comptroller Topinka: Ill.
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Why Illinois is Going Bankrupt - TIME (blog)

Why Illinois is Going Bankrupt - TIME (blog) | Illinois Legislative Affairs | Scoop.it
Why Illinois is Going Bankrupt
TIME (blog)
It's not quite fair to say that Illinois officials are doing nothing to defuse the most threatening pension time bomb in America.
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Another Rating Downgrade Looms for Illinois Over Its Pension Woes - Forbes

Another Rating Downgrade Looms for Illinois Over Its Pension Woes - Forbes | Illinois Legislative Affairs | Scoop.it
ABC7Chicago.com
Another Rating Downgrade Looms for Illinois Over Its Pension Woes
Forbes
The Prairie State's inability to get a hold of its unfunded pension liability has landed it in hot water with at least one rating agency.
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Will lawmakers keep momentum on pension reform? - Chicago Daily Herald

Will lawmakers keep momentum on pension reform? - Chicago Daily Herald | Illinois Legislative Affairs | Scoop.it
Chicago Tribune
Will lawmakers keep momentum on pension reform?
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News from the Illinois Channel: Fitch Again Says Illinois Debt is Dangerously High, and Its Fiscal Reforms Dangerously Slow

News from the Illinois Channel: Fitch Again Says Illinois Debt is Dangerously High, and Its Fiscal Reforms Dangerously Slow | Illinois Legislative Affairs | Scoop.it
RT @IllinoisChannel: #twill In wake of Pension Reform fiasco, Fitch rating service says Illinois faces credit downgrade: http://t.co/7lXpD3AT
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Investors yawn at Illinois' failure - Capitol Fax.com

Investors yawn at Illinois' failure - Capitol Fax.com | Illinois Legislative Affairs | Scoop.it
“I anticipate credit quality will diminish, but at the end of the day, Illinois G.O. bonds aren't going to ever default,” said Friedland, head of muni-credit research in New York at Schroder, which oversees about $2 billion of the ...
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Illinois pension disaster

Illinois pension disaster | Illinois Legislative Affairs | Scoop.it
Shame on the governor, and the leaders and members of the Illinois General Assembly , the fiduciary stewards of the people of the State of Illinois.
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Quinn Wants Pension Reform Passed Today

Quinn Wants Pension Reform Passed Today | Illinois Legislative Affairs | Scoop.it
Gov. Pat Quinn promised to work "all day" to pass a plan before the new legislature is sworn in. (RT @Ward_Room: Gov.
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Quinn remains optimistic on pension reform - Chicago Tribune

Quinn remains optimistic on pension reform - Chicago Tribune | Illinois Legislative Affairs | Scoop.it
Quinn remains optimistic on pension reform
Chicago Tribune
Gov. Pat Quinn said Thursday that he remains confident lawmakers can reach a deal to reform the state's government employee pension system by his Jan.
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Does shortened schedule hurt pension-cutting effort?

Does shortened schedule hurt pension-cutting effort? | Illinois Legislative Affairs | Scoop.it
The cancellation of some of state lawmakers' upcoming meeting dates could doom last-minute attempts to get the state's retirement costs under control.
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Illinois Lawmakers Scale Back January Schedule - NBC Chicago (blog)

Illinois Lawmakers Scale Back January Schedule - NBC Chicago (blog) | Illinois Legislative Affairs | Scoop.it
NBC Chicago (blog)
Illinois Lawmakers Scale Back January Schedule
NBC Chicago (blog)
House Speaker Michael Madigan's office sent out a memo this week canceling three of the six days.
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