This week Illinois borrowed $350 million to pay for projects including roads, bridges and schools. The state issued 25-year taxable general obligation bonds, the first borrowing by Illinois since the state passed its pension “fix” in early December. But not unlike someone with a terrible credit score, Illinois must pay the highest penalty rate of...

Today marks the 1,000th day in a row the national average price for a gallon of gas was $3 or more. And AAA forecasts the national average will remain above $3 per gallon for at least another thousand days barring a major economic recession. “Paying less than $3 per gallon for gasoline may be automotive history for...

Chicago has the highest gas prices of any major metropolitan area in the United States. A gallon of gas is now $4.06 on average in Chicago; the national average is $3.56. Though outside factors influence the raw price of gas, one of the reasons Chicago’s prices are consistently among the most expensive in the nation is the additional...

It’s no secret to drivers in the Greater Chicago area that gas prices are cheaper across state lines. Illinoisans who live or work near bordering states often drive the extra few miles out of their way to take advantage of cheaper gas in Wisconsin and Indiana. So how do gas prices – and taxes –...

by Ted Dabrowski As if Illinois didn’t have enough debt to deal with, the state borrowed another $1.3 billion. The state says it needs the money for infrastructure projects. Illinois tapped the bond markets despite the current fallout from the state’s failure to reform pensions and the recent bond market instability, which drove states like...

For the last several years, gas prices have remained stubbornly high at $3 or more a gallon nationwide — and customers have felt the pinch. Though prices remain high throughout the nation, they’ve mostly held steady since last year. The national average price per gallon decreased by $0.02 from this time last year, and now...

The price of Illinois’ bad behavior continues to go up.

On Jan. 25, Standard & Poor's Ratings Services downgraded Illinois' credit to A- from A.

Gov. Quinn is not getting great press these days. The Cato Institute recently ranked him the worst governor in the nation. His approval rating stands at just 26 percent. And while Gov. Quinn may choose to ignore those messages, he may want to heed the warnings the financial markets continue to fire his way. Credit agencies have...