The Traderszone Network

Published in TZ Latest News 19 September, 2017 by The TZ Newswire Staff

Illinois Unpaid Vendor Backlog Hits A New Record At Over $16 Billion

Back in July, the state of Illinois narrowly avoided a junk bond rating with a last minute budget deal that included a 32% in hike in income taxes.  Republican Governor Bruce Rauner vetoed the budget and called it a “disaster,” but both houses of the state legislature voted to override his veto.  Meanwhile, S&P and Moody’s were apparently both convinced that the budget deal was sufficient for the state to remain an investment grade credit and all lived happily ever after, if just for a few months.  Per read more