Also during the week, a number of bills were signed into law including legislation that would allow the state’s universities and community colleges to borrow money to help make ends meet, and a measure that seeks to improve travel between Illinois and Indiana.
In lowering Illinois' bond rating one notch to A1, Moody’s pointed to the state’s inability to address its financial problems, including an unbalanced budget, billions in unpaid bills and faltering revenues. Moody’s said the failure to tackle Illinois’ fiscal issues “underscores a chronic lack of political will that indicates further erosion of an already weak financial position.”" />
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