Sunday, June 20, 2010

Illinois Is Insolvent

Markets have lost confidence in Illinois' ability to continue to tax and spend.

Illinois Sells Build America Bonds as Premium to Treasuries Increases 40%
Illinois sold $300 million of Build America Bonds at a yield premium over Treasuries about 40 percent higher than two months ago after lawmakers failed to close a $13 billion budget deficit for the year starting July 1...

No comments: