Illinois Legislature, governor set national futility record

Michael Madigan

Michael Madigan

Desperate to break the deadlock, Democratic Senate President John Cullerton and Senate Republican Leader Christine Radogno tried to devise a compromise plan.

Democratic Speaker Michael Madigan told reporters Wednesday that his party would continue working with Republicans during June to fashion a balanced budget.

There was no last-minute, last-chance IL budget proposal Wednesday night.

Rauner and Republican legislative leaders returned fire.

CHICAGO Any hope for a break in Illinois' long-running budget stalemate devolved into more partisan bickering and deeper divisions on Wednesday as the state legislature ended its spring session without a deal on a spending plan for a third year in a row.

The pressure is on for IL lawmakers to approve a budget before the legislative session ends Wednesday.

Illinois Controller Susana Mendoza sought to reassure investors. Social service agencies - who've estimate over 1 million people including seniors and domestic abuse victims have felt the pain - took stock. I do know that previous year a college in Wisconsin and Murray State in Kentucky had record enrollments from IL students.

Trump Administration's Travel Ban Appeal Heads to the Supreme Court
That order was in effect for seven days before it was blocked by a federal judge in Seattle, a ruling upheld by the 9th Circuit. That ruling is expected imminently and after that the court could choose hear a full appeal from the administration in October.

So instead of passing a budget by the usual May 31st deadline, Harris says House Democrats will convene a series of hearings in June.

Standard & Poors Financial Services, LLC has lowered its rating on Illinois" general obligation bonds to "BBB-' from "BBB", as well as ratings on other bond debt, easily giving IL the worst credit rating of any state in the nation.

S&P says because of what it calls "unrelenting political brinkmanship ..."

More than 700 days into this political war, Rauner is still tying his reforms to signing a full budget. Meanwhile Illinois' backlog of unpaid bills has soared to $14 billion, and has faced numerous credit downgrades. Do you have low-income kids? A stopgap budget covered some grants until January.

The legislation gives school districts no less money than they received this year.

Elementary and high schools have also made reductions, offering fewer special education services and cancelling some buses.

Emanuel's administration has maintained that the long-sought changes to the school funding formula would generate almost $300 million in additional funding for the Chicago Public Schools in the first year and even more in subsequent years. Workers' compensation changes. Pension relief.

Police dashcam video shows Tiger Woods' sobriety test and arrest
Woods told the officer that he had not been drinking or taken illegal drugs, but did say he had taken medication. The officer ends that test and asks Woods to stand on the white line to determine if he can walk straight.

More than half of them occurred under former Gov. "Nothing but a turned back and more and more games".

Moody's said in March the state is at a "critical juncture" and faces "unsustainable fiscal challenges" should the two parties fail to come together on a bill. "The amendment on there really amounts to an unfair-to-Illinois-taxpayers bailout of CPS".

Illinois' minimum wage is $8.25.

IL has the nation's widest spending gap between low- and high-income school districts. Partially funded by federal money, they're often set up at universities.

In the House, a revamped tax credit designed to reward corporations for creating jobs won endorsement.

The number of centers has been in flux due, partly due budgetary pressures.

But Governor Rauner held his own press conference late Wednesday afternoon saying Speaker Madigan and the Democrats claims are all a sham.

Most Active Volume Stock: Las Vegas Sands Corp. (LVS)
The firm has "Neutral" rating by Guggenheim given on Thursday, October 20. (NYSE:OKE) on Friday, January 22 to "Perform" rating. It is positive, as 37 investors sold OKE shares while 165 reduced holdings. 98 funds opened positions while 167 raised stakes.

Recommended News

  • Watch Wonder Woman take out an entire alley of bad guys

    Gadot really shines in Wonder Woman and is surprisingly able to carry the film. "I've thought about it quite a bit", she said. The reason? Wonder Woman is played by Gadot, an Israeli who served in the country's defense forces.

    IAMGOLD Corp (USA) (IAG) Stock Is Crashing Now

    Bank of America Corp upgraded IAMGOLD Corp from an "underperform" rating to a "neutral" rating in a research report on Tuesday. The mining company reported $0.01 EPS for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.02.

    Chris Woakes out of Champions Trophy

    Watch the opening game of the tournament as England take on Bangladesh, live on Sky Sports 2 from 10am this Thursday . Root also got to his career best score, going past his 125 against South Africa in Centurion a year ago .
  • Simon Property Group Inc (SPG) Rating Increased to Buy at Mizuho

    The stock of Simon Property Group Inc (NYSE:SPG) has "Sector Perform" rating given on Tuesday, November 1 by RBC Capital Markets. With 45,800 avg volume, 1 days are for Lmi Aerospace Incorporated (NASDAQ:LMIA)'s short sellers to cover LMIA's short positions.
    Wenger's Arsenal stay confirmed

    Wenger's Arsenal stay confirmed

    It seems Monaco are struggling to afford the player's wages which seems to have now put Arsenal at the front of the queue. For the first time since 1996, the Gunners were fifth in the Premier League this season.

    China vows to uphold climate pact after US pullout

    A number of its members, including Exxon Mobil and ConocoPhillips, had publicly supported the deal. Hundreds of companies had lobbied the Trump administration to remain in the agreement.
  • Golden State Warriors win Game 1 of NBA Finals over Cleveland Cavaliers

    Golden State Warriors win Game 1 of NBA Finals over Cleveland Cavaliers

    Cleveland committed 12 of its 20 turnovers in the first half - "20 in the Finals is not going to get it done", Irving said. Durant put up 23 points, six assists and four rebounds in his stellar first half on his way to a 38-point night.
    Indy Drivers Robbed at Gunpoint at Taco Bell Drive-Thru

    Indy Drivers Robbed at Gunpoint at Taco Bell Drive-Thru

    Dixon will start on the pole for the third time in Sunday's Indy 500 as he aims to repeat his 2008 victory at the famous oval. Hildebrand outside him. "Obviously, I'm glad they're okay", Kanaan told reporters , according to ESPN .

    Showdown between Rihanna, Kevin Durant steals show in NBA Finals opener

    Past year the Cavaliers made the greatest comeback in NBA Finals history, rallying from 3-1 down to take the title. They were scoreless in the first quarter and outscored 17-5 in the first half by their Golden State counterparts.
  • Curtains fall on Ringling Bros.' 'Greatest Show on Earth'

    Curtains fall on Ringling Bros.' 'Greatest Show on Earth'

    The Ringling Bros . and Barnum & Bailey Circus will end the " The Greatest Show on Earth " after its final three shows on Sunday. After much protests and prolong condemnation, elephants were removed from the performing schedule of the circus.

    The Trump Team Abandons Paris Climate Agreement

    The country ranks as the third largest emitter of carbon dioxide in the world, behind only China and the United States. That also should help China to reach its commitment under the Paris accord to cap greenhouse gas emissions by 2030.
    Durant, Warriors draw first blood in NBA Finals series

    Durant, Warriors draw first blood in NBA Finals series

    It was the second-best in National Basketball Association history after the Los Angeles Lakers took 12 in a row in 2001-02. People may begin to wonder if his NBA Finals appearances are because of the lack of competition and not his dominance.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.