Archive for October 19th, 2015

Illinois “Technically Defaults” on Debt


Monday October 19th, 2015   •   Posted by Craig Eyermann at 6:17am PST   •   0 Comments

In mid-August 2015, the state government of Illinois began to “technically default” on payments it owes on its outstanding debt, joining the fiscally troubled U.S. territory of Puerto Rico in the hall of debt shame. Writing at Business Insider, Certified Financial Advisors Michael Comes and John Mousseau describe how that happened and what that...
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