“A warning came Saturday morning from state treasurer Dan Rutherford (R) IL State Treasurer. The Standard and Poor’s downgrade from A to A-minus puts Illinois last on the list– and means a higher cost to borrow money.On Wednesday, the state will issue $500 million in new bonds to pay for roads and other transportation projects. Rutherford says the credit downgrade will cost taxpayers an additional $95 million in interest, when compared to a perfect triple-A bond rating enjoyed by other 11 states including neighboring Indiana, Iowa and Missouri.”
http://wgntv.com/2013/01/26/illinois-credit-rating-downgraded-state-drops-to-worst-in-the-nation/
Related posts:
Gold Is Back in Fashion After a $15 Trillion Global Selloff
How German fears of underwriting Russian oligarchs pushed Cyprus to crisis
Farm subsidies on the rise in the world’s biggest economies
US photojournalist recounts horror of captivity after escaping al-Qaeda in Syria
IBM Cutting Jobs In U.S. And Globally
British inventor of the World Wide Web scolds ‘insidious’ Western governments over spying
Ex-Felons Are About To Get Health Coverage
Bank of Cyprus head fired under bailout deal
Government Itself Still Cited as Top U.S. Problem
Cameron targets terrorist 'haven' in Mali
Debt crisis: Spain 'will need extra bail-out'
US prosecutors ponder what to do with Silk Road Bitcoin hoard
Polish PM laments opinion impasse keeping Poland out of Eurozone
Trial set for Tulsa police officer accused of robbing Hispanic drivers
The Invisible Plumbing Of Our Economy