"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."
Ephesians 6:12
Peter1469 (07-01-2017)
Peter1469 (07-01-2017)
pragmatic (07-01-2017)
Illinois Blows Budget Deadline, Pushing It Closer to Junk
The legislature refused to pass a budget.
Illinois entered its third straight fiscal year without a budget as Republican Governor Bruce Rauner and Democratic lawmakers struggle to agree on how to rein in the government’s chronic deficits, pushing it closer toward becoming the first junk-rated U.S. state.
State legislators failed to enact a budget by the end of Friday, the last day of the fiscal year. While negotiations continued and lawmakers planned to meet, House Speaker Michael Madigan said no votes would be taken over the weekend, according to the Associated Press.
The failure marked a continuation of the unprecedented impasse that’s left Illinois without a full-year budget since mid-2015. Without a deal around July 1, S&P Global Ratings has warned that the nation’s fifth-most-populous state will likely get downgraded again, losing its investment-grade status.
ΜOΛΩΝ ΛΑΒΕ
pragmatic (07-01-2017)