Moody’s Warns Illinois Of ‘Unsustainable Path’ Without Budget

(Springfield, IL)  —  Another day, another warning to state of Illinois leaders to come to terms on a budget.  The latest warning came yesterday from Moody’s Investors Service and said Illinois is looking at  “unsustainable fiscal challenges” because of the lack of a state spending plan.  Moody’s says Illinois is dangerously close to permanent damage to both its social service system and its credit.  Illinois lawmakers haven’t agreed to a budget in nearly two years.