“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:
The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers
HSBC imposes restrictions on large cash withdrawals
Junk Bonds Are Tanking; Icahn Says Meltdown `Just Beginning'
Britons with data on Amazon, Apple and Google cloud servers in America can be snooped on in secret b...
Hong Kong stocks soar as investors flood market
Obama: U.S. will provide Jordan with $200 million aid package for Syrian refugees
Robber tries 3 police stations before turning himself in
Clear Bitcoin Tax Rules Needed, Taxpayer Advocate Says
These Vehicles Are Tons of Fun, and Good for Thwarting Road Rage
French president vows no fracking while he is president
New European ruling game-changing for U.S. companies
Smugglers use cannon to fire 85 pounds of marijuana into Arizona
Smackdown: Glenn Greenwald versus Mika Brzezinski
Junk-Bond Issuance Surges to $26 Billion in the Last Stages of Boom
In Test Project, N.S.A. Tracked Cellphone Locations