- "In the coming weeks, the State of Illinois will no longer be able to guarantee timely and predictable payments in a number of areas that we have to date managed," says Comptroller Susana Mendoza. "We are now reaching a new phase of the crisis."
- She notes an already $15B and rapidly growing unpaid bill backlog, with obligations exceeding receipts by an average of $600M per month over the past year.
- Mendoza has a calming message for financial markets, assuring that debt service payments will not be delayed or diminished.
- ETFs: MUB, NVG, NEA, IIM, NUV, NAD, PML, NZF, PMF, LEO, PMX, VMO, EVN, KTF, BFK, PZA, AFB, VGM, DSM, EIM, NXP, BLE, IQI, XMPT, PMM, VKI