Illinois

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.

The Illinois House overrode Gov. Bruce Rauner's veto to enact the first state budget in two years.

Moody's Investors Service has placed the B3 general obligation (GO) rating of the Chicago Board of Education, IL (CPS) under review for possible downgrade.

Illinois could still see its rating cut to junk, as Moody's raises concerns over the shortcomings of a partisan budget deal.

If the Illinois House succeeds in overriding Gov. Rauner's budget veto, Chicago's pension restructuring becomes law.

Chicago and Illinois spreads got a boost as two years of state gridlock appeared to be nearing an end.

Illinois Democrats need to keep 15 GOP representatives on board to succeed in overriding Gov. Bruce Rauner's budget veto.

Progress on ending a two-year-old budget drought is being viewed positively by two rating agencies.

The Illinois House on Sunday sent a budget plan back to the Senate with action needed to avert historic fall to junk.

Chicago Public Schools sent $467 million to the teachers' pension fund as required Friday.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

The Midwest Economy Index declined to 0.51 in May from 0.72 in April, the Federal Reserve Bank of Chicago said Friday.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

The Illinois governor says he will keep lawmakers in session until a budget agreement is reached.

A proposed ordinance calls for Chicago to funnel more money to two pension funds without state action.

A court decision on Illinois Medicaid bill payments could come on the last day of a special session.

Illinois House Democrats laid out a $36.5 billion fiscal 2018 spending plan.

Lawyers for Medicaid recipients will ask a judge to order Illinois to pay nearly $1.1 billion more a month.