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Moody's Warns Of Bad Illinois Credit Rating

Illinois doesn’t have a very good credit rating and if things don’t get better it could get worse.

The credit rating agency Moody's says Illinois if fails to extend current income tax rates that could lead to a worsening deficit and that could make their credit rating worse.

It is hard to see how it could get much worse though as it already has the lowest score of any state in the nation.

Republicans say that more cuts need to be made to the budget but Democrats maintain that there really isn’t anything left to cut.

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