State vendors turn to “qualified purchasers”

“Vendors doing business with the state can turn to “qualified purchasers” for money when Illinois does not pay.” “When the state of Illinois spends money it does not have, who makes up the difference?”…

“One-of-its-kind” program averts shutdown of essential services

“The one-of-its-kind, bill-payment program seeks to avert the nightmare scenario for a state in the worst financial shape in the country: a shutdown of essential services such as employee health insurance, a disruption of prison food supplies or mothballing of state trooper cars in need of fuel and maintenance.” Reuters Dave McKinney – Karen Pierog[…]