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Posts tagged "public debt"

Illinois Lawmakers Blow Through Self-Imposed Budget Deadline

Bleeding Red Ink Get ready for more threats, demands, and gimmicks. Tonight, Illinois legislators scurried out of Springfield without passing a budget for the state. While Illinois law requires the lawmakers to have a budget by May 31st or risk a state shutdown and/or overtime legislative session, party leadership set today’s date as their deadline. Will... Read more »

ComEd Tries To Bribe Illinois With Promise of Cash Donation

Commonwealth Edison Company, the northern Illinois electric company, and Exelon Corporation, its parent company and and major energy company, offered the state of Illinois a cash infusion of $500 million to help plug the Illinois budget hole. Sounds great, right? Not so much. It would have given up the money on the condition that it... Read more »