Fitch Ratings cut the credit rating yesterday on $19.1 billion of Illinois bonds because of concern the governor's legal woes will make it more difficult to deal with a $2 billion budget deficit.
Standard & Poor's has said it may lower the state's credit rating in response to Blagojevich's arrest, which would add millions of dollars to borrowing costs, according to Scott Burnham, a spokesman for Illinois Treasurer Alexi Giannoulias.
And according to several media reports, the disgraced Chicago Democrat has no plans to resign.
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3 comments:
Blagojevich should resign. He is
only prolonging the inevitable.
And I don't think former senator
Obama is as innocent as some think
he is either.
Election officials statewide say they don't have the money to pay for a special election
There is no way Blagojevich can
win this case made against him.
The messiah aka. Obama hasn't been
investigated yet even though he
should be! four years of this
idiot?
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