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Marketplace Morning Report

Are banks the last line of defense against elder fraud?

May 23, 2019

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Illinois already had the worst credit rating of any state, and it just got lower

Annie Baxter Jun 1, 2017
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Illinois’ credit rating is now just short of junk. That’s the news after a downgrade from S&P Global Ratings. The agency cited Illinois’ budget stalemate and its $14.5 billion in unpaid bills. It will take more revenue and more cuts to make any progress, but the state’s regular legislative session just ended — with no fiscal solution. The Illinois budget has been full of temporary patches and fixes for years to keep basic services functioning. States cannot file for bankruptcy, so there’s no clear path toward financial health in sight.

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How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.