Comment on Moody's report: Illinois, New Jersey least prepared for recession

Moody's report: Illinois, New Jersey least prepared for recession

Chief among the issues are Illinois' large unfunded pension liabilities and the state's low "rainy day" reserves for when the national economy turns sour, the report said. By GRANT MORGANgmorgan@capitolnewsillinois.com SPRINGFIELD — A report from one of the nation's leading credit rating agencies says Illinois and New Jersey are the two states least-equipped to handle another recession. read more

 

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