If the state accepts the terms of the agreement, it would become the second to be allowed to use federal dollars to finance the purchase of private health insurance for the newly Medicaid eligible. Arkansas was earlier granted that permission by the Centers for Medicare & Medicaid Services (CMS).
Supreme Court justices seemed inclined Tuesday to resurrect Environmental Protection Agency rules targeting air pollution that drifts across state borders, one of the Obama administration’s major environmental targets.
Source: Reuters/Chicago Tribune |
December 11, 2013
Standard & Poor's Ratings Services on Tuesday revised the outlook on Illinois' A-minus credit rating to developing from negative due to the state's passage of long-awaited pension reform last week.
The credit ratings agency said the revision to developing, an unusual outlook designation for a state, indicates that Illinois' rating could be raised or lowered during a two-year horizon.
“Although we view the consensus achieved by Illinois on this difficult issue as positive from a credit standpoint, the developing outlook reflects the implementation risk - legal and budgetary - associated with various provisions of the pension reform as well as the overall structural budget challenges facing the state,” S&P analyst Robin Prunty said in a statement.
Illinois' sweeping reforms to its public retirement system, which were signed into law by Governor Pat Quinn on Thursday, are aimed at easing a $100 billion unfunded pension liability that has been squeezing out funding for core state services.
Farm bill negotiators conceded Tuesday that they will not finish their work before Congress goes home for the year, but insisted that they are close to a final deal and working toward floor action in early January.
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