Lawmakers Meeting: Day Everybody and State Budget

lawmakers meeting: The outlook for a deal wasn't good Saturday, as lawmakers meeting in Springfield for a special legislative session remained deadlocked with the July 1 start of the new fiscal year approaching, according to The Japan Times. That should alarm everyone, not just those at the Capitol, said Brian Battle, director at Performance Trust Capital Partners, a Chicago-based investment firm. S&P Global Ratings has warned the agency will likely lower Illinois' creditworthiness to below investment grade if feuding lawmakers fail to agree on a state budget for a third straight year, increasing the amount the state will have to pay to borrow money for things such as building roads or refinancing existing debt. It isn't a political show, he said. One day everybody will wake up and say What happened Why are my taxes going up so much ' Here's a look at what's happening and what a junk rating could mean WHY NOW Ratings agencies have been downgrading Illinois' credit rating for years, though they've accelerated the process as the stalemate has dragged on between Republican Gov. Everyone in Illinois has a stake in what's happening here. (news.financializer.com). As reported in the news.