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Illinois credit rating sinks to worst in nation
Clout StreetSPRINGFIELD — Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s...Tags: Tom Cross, Justice System, Credit and Debt, Government, Illinois Governor
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Fitch warns that debt-limit delay could hurt U.S. credit rating
WASHINGTON — A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. Republicans want major government spending cuts in exchange for a debt-limit...
Tags: Federal Reserve, Social Security, Finance, Minor League Baseball, Republican Party
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Illinois credit rating takes hit after no action on pensions
Clout StreetSPRINGFIELD — One of the nation's leading credit-rating firms put Illinois on a negative watch list today because Gov. Pat Quinn and state lawmakers failed to address the overwhelming public pension debt in the just-completed lame-duck session....Tags: Tom Cross, Justice System, Credit and Debt, Government, Illinois Governor
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Glendale OKs electric rate study
Without a single comment or question, the Glendale City Council this week unanimously approved spending roughly $71,000 on a study that will lay the groundwork for a proposed electric rate increase. The council doesn't expect to vote on the issue until...Tags: Google Inc., Credit Ratings, Credit and Debt, Environmental Issues, Conservation
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Illinois credit outlook drops as talk of business taxes surfaces
Clout StreetA key rating agency dropped Illinois’ credit outlook from stable to negative Friday, a move that could make it more expensive to pay for an ongoing statewide construction program aimed a building new roads, schools and bridges. The warning shot...Tags: Justice System, Credit and Debt, Environmental Issues, Government, Illinois Governor
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Obama 'Willing to Compromise a Little' on Fiscal Cliff
CNNWashington -- It's crunch time for avoiding the fiscal cliff as President Barack Obama and House Speaker John Boehner and their aides hold private talks on issues that will impact every American. Three weeks remain to cut a deal before the automatic...Tags: Small Businesses, Unemployment Benefits, Republican Party, White House, Moody's Corporation
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Congressional deal to avoid fiscal cliff draws scant praise
Staff Writer, Copy EditorNow that a last-minute agreement averting the nation’s going over the “fiscal cliff” has been reached, some are questioning how they will be personally impacted. The U.S. House of Representatives on Tuesday voted to approve a bill...Tags: U.S. House of Representatives, Unemployment Benefits, Credit and Debt, Employment Opportunities, Elections
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MarksJarvis: Stocks rally after retreat from 'fiscal cliff'
There was a sigh of relief heard round the world Wednesday as Congress used New Year's Day to close the curtain on "fiscal cliff" theatrics and save most Americans from sharp tax increases that were expected to induce a recession. But as the Dow Jones...
Tags: Credit Ratings, Moody's Corporation, U.S. Congress, Public Finance, New Year's Day
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Moody's says 'fiscal cliff' deal doesn't end credit downgrade risk
This post has been updated. See notes below.WASHINGTON -- Moody's Investors Service warned Wednesday that the "fiscal cliff" tax deal was not enough to remove the risk of a downgrade of the U.S. credit rating. The company, one of three major credit rating firms, said the deal approved Tuesday...Tags: Minor League Baseball, Credit and Debt, Manufacturing and Engineering, Barack Obama, Moody's Corporation
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Tribune Watchdog: Soccer stadium deal kicks Bridgeview taxpayers in the teeth
Rising from the rubble of an old industrial site, the 20,000-seat Toyota Park was supposed to put a small suburb on the map. Yet the soccer stadium also has become a model of what can go wrong when a little town takes massive development gambles in a...
Tags: Finance, Credit and Debt, Local Government, Property, Soccer
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City of Santa Clarita gets AAA credit rating
L.A. NOWSanta Clarita gets credit rating upgrade: At a time when many California cities are facing major fiscal shortfalls, and even bankruptcy, Santa Clarita’s credit rating has been upgraded to AAA status--the highest score a municipality can receive... -
L.A. County gets its highest credit rating ever from S&P
L.A. NOWL.A. County received its highest ever credit rating earlier this week, meaning the municipality will pay less interest when borrowing money for some projects....
Jan 25, 2013
|Story| Chicago Tribune
Jan 15, 2013
|Story| Los Angeles Times
Jan 11, 2013
|Story| Chicago Tribune
Dec 13, 2012
|Story| Glendale News Press
Dec 14, 2012
|Story| Chicago Tribune
Dec 11, 2012
|Story| KTLA-LTV
Jan 2, 2013
|Story| Imperial Valley Press Online
Jan 3, 2013
|Column| Chicago Tribune
Jan 2, 2013
|Story| Los Angeles Times
Jun 9, 2012
|Story| Chicago Tribune
Sep 7, 2012
| Los Angeles Times
Oct 3, 2012
| Los Angeles Times
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