Tuesday, January 19, 2010

Illinois enters a state of insolvency

Illinois enters a state of insolvency
"As Illinois' fiscal crisis deepens, the word 'bankruptcy' is creeping more and more into the public discourse.
'We would like all the stakeholders of Illinois to recognize how close the state is to bankruptcy or insolvency,' says Laurence Msall, president of the Civic Federation, a fiscal watchdog in Chicago.

'Bankruptcy is the reality that looms out there,' Republican gubernatorial candidate Andrew McKenna Jr. says."

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