Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/11/2013 (2 years ago)

Catholic Online (

Only California is lower.

Fitch Ratings has downgraded Illinois' credit rating citing the state's ongoing failure to address public pension debt. The state may now find it harder to borrow money, facing higher interest rates.

So far, Gov. Quinn cannot get lawmakers to sit down to talks to resolve the state's debt crisis.

So far, Gov. Quinn cannot get lawmakers to sit down to talks to resolve the state's debt crisis.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

1/11/2013 (2 years ago)

Published in U.S.

Keywords: Illinois, credit rating, Fitch, Quinn, debt

CHICAGO, IL (Catholic Online) - The state's credit rating remains a "A" which is a low rating to begin with, but is now listed as "rating watch negative." While the rating letter stayed the same, the negative watch will cause interest rates to rise for the state.

The state will now have to pay higher interest rates if it wants to borrow money.

Only California has a lower credit rating.

The cause is the state's nearly $100 billion in debt which remains unaddressed. Without reform, the rating will inevitably be dropped further.

So far, Gov. Quinn has been unable to get state legislators to work together to resolve the state's debt problem.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More U.S.

ON AIR DISPUTE: U.S. President Barack Obama and 60 Minutes reporter Steve Kroft get heated during interview Watch

Image of President Barack Obama continues to face criticisms over events in the Middle East (CBS).


U.S. President Barack Obama was challenged with question after question in his latest interview on 60 Minutes. The President was pressed for details on his plans for Syria as Russia continues to bring its forces into the country to join the civil war, eventually ... continue reading

Public school students banned from performing at the Christmas Festival to save school from legal case Watch

Image of


Two unnamed families filed complaints with an atheist organization regarding the public schools' student participation in a longtime tradition. While the choral festival has been there for years, authorities decided to ban a number of public schools in Portland from ... continue reading

Irving officials received threatening emails following their treatment of 14-year-old Ahmed Mohamed Watch

Image of Ahmed Mohamed


Following the incident of police handcuffing a 14-year-old teen for bringing a homemade clock project to school, many are still infuriated and have resorted to sending Irving officials threatening messages. LOS ANGELES, CA (Catholic Online) - The Blaze reported that ... continue reading

Authorities confident El Nino will dump lots of rain in California -- soon Watch

Image of In fact, there is an over 60 percent possibility that Southern California will have a wet winter, and an over 40 percent possibility that San Francisco will have a wet winter.


In the State of California, people look up into cloudless skies and sweat in 90 degrees weather or higher -- in October. Never fear, meteorologists say, this winter's El Nino promises to be a BIG ONE. Bill Patzert, climatologist for NASA's Jet Propulsion ... continue reading

What it was like to fly Pope Francis around America: American Airlines crew speaks out Watch

Image of The Pope blessed the crew, their families, and the plane during his tour.


Pope Francis' American Airlines flight crew has opened up about the spiritual experience, claiming the papal meeting was "like seeing God." LOS ANGELES, CA (Catholic Online) - Pilot George Griffin, his co-pilots and 15 cabin crew members were picked from a pool of ... continue reading

New ISIS video features a 'cub of the caliphate' directly threaten US President Barack Obama Watch

Image of A young ISIS member delivers a threat to US President Barack Obama (YouTube).


A young ISIS jihadi was featured in an ISIS video dressed in army fatigues and holding a rocket launcher as he  delivered a threat to US President Barack Obama. LOS ANGELES, CA (Catholic Online) - A young boy who looks to be no more than 10-years-old was recorded ... continue reading

Did Clinton hide the discovery of the Khobar Towers bombers? Watch

Image of Former US President Bill Clinton (Brothersoft)


In order to reestablish diplomatic ties with Tehran, former U.S. President Bill Clinton hid the discovery of Iran's involvement of the Khobar Towers bombing which killed 19 U.S. servicemen in 1996. The allegations are not new, but in a recent report, heavy evidence ... continue reading

Terrorists can easily enter the U.S. through Texas/Mexico border Watch

Image of


Director of the Texas Department of Public Safety, Steve McCraw, warned the U.S. was vulnerable in terms of infiltration through the country's southern border. McCraw reported some people coming from countries flagged to have "terrorism presence."  LOS ANGELES, CA ... continue reading

STUDY: Arabic, Urdu the fastest growing secondary languages in the United States Watch

Image of The most recent census study shows that the fastest-growing foreign languages are languages spoken by immigrants from Muslim-majority countries.


The Census Bureau's 2014 American Community Survey reports that between 2010 and 2014, there was a 29 percent increase in Arabic spoken in the United States. There is also a 23 percent increase in Urdu, and a nine percent jump in Persian, the language spoken in ... continue reading

California mother punched in the face by police files lawsuit Watch

Image of The police officer allegedly pulled over Cindy Hahn moments later on an alleged seat belt violation and arrested Hahn as her children watched.


The one sure thing about cell phone technology is that authority figures will not be able to slip easily from the law. A 40-year-old mother is suing the city of Carlsbad, California after being physically assaulted by police officers in July of 2013. It was all ... continue reading

All U.S. News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Romans 1:16-25
16 For I see no reason to be ashamed of the gospel; ... Read More

Psalm, Psalms 19:2-3, 4-5
2 day discourses of it to day, night to night hands ... Read More

Gospel, Luke 11:37-41
37 He had just finished speaking when a Pharisee ... Read More

Saint of the Day

Saint of the Day for October 13th, 2015 Image

St. Edward the Confessor
October 13: Edward the Confessor was the son of King Ethelred III and his ... Read More