Stat of the day: Illinois takes over from California as state most likely to default

While California has been the poster boy for state budgetary woes, Illinois has moved into the top spot as the US state most likely to default on its debt. To avoid default more cuts are going to be necessary. See recent posts by me and BBH’s Marc Chandler on how this impacts GDP.


Also see the following two articles from last month

They will give you a better sense of why Illinois has moved into pole position.

  1. chicagomatt says

    glad i moved back to Illinois (sigh)

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More