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Illinois Gets Another Credit Downgrade
(Undated) -- Illinois' inability to reach a deal on pension reform has resulted in another credit downgrade. Fitch Ratings dropped the state's rating outlook from stable to negative. The rating action affects approximately 26-point-two-billion dollars in outstanding general obligation bonds. Fitch says they issued the downgrade after lawmakers failed to pass a reform package during lame duck session. The agency believes the burden of the unfunded pension liabilities and growing annual pension expenses is unsustainable. House Minority Leader Tom Cross calls the state's latest credit downgrade "embarrassing." He says it may cost the state money that it doesn't have.
Corn Production Drops Sharply
(Peoria, IL) -- Drought conditions are taking a drastic toll on corn production in the state. The harvest is at its lowest level since 1988. The Agriculture Department says production fell by more than 50 bushels per acre last year, compared with the previous year. The yield was 105 bushels per acre.
Lottery Winners Body To Be Exhumed
(Chicago, IL) -- The body of a Chicago man who was killed just one day after claiming a million dollar lottery win last year will be exhumed. A judge gave the go ahead yesterday. A coroner initially believed Urooj Khan
died of natural causes back in July, but reopened the case at the request of a family member. That's when it was discovered Khan had a lethal amount of cyanide in his system. Police have no suspects in the case.
Sandi Jackson Steps-Down
(Chicago, IL) -- Sandi Jackson is no longer on Chicago's City Council. She handed-in her resignation letter to Mayor Rahm Emanuel yesterday. Jackson didn't give a reason but hasn't been at City Hall for several months due to family issues. Her husband, Jesse Jackson Jr., resigned from Congress in November due to bipolar disorder. He's also under federal investigation.
Police Called To Break H.S. Basketball Fight
(Chicago, IL) -- Police break up a fight at a high school basketball game. Officers were called to Corliss High School after a brawl started on the court and eventually moved into the stands. Authorities arrested several people on what were said to be minor charges. The game between Corliss and South Shore was canceled.
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