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Illinois Budget Impasse
The Illinois Budget Impasse was a 793-day-long budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate. The budget impasse has adversely affected Illinois' economy, its credit rating, and public confidence in Illinois' state government. Background According to the Constitution of Illinois, the Governor is required to submit a balanced budget proposal for the next fiscal year to the Illinois General Assembly. The General Assembly, in turn, must pass a balanced budget and send it to the Governor's desk to sign before the beginning of the new fiscal year on June 30. Historically, Illinois governors have presented budget proposals in mid-February, allowing around four and a half months of negotiations before the deadline. Each fiscal year starts on July 1 and ends on June 30 of the follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Crisis
A budget crisis is an informal name for a situation in which the legislative and the executive in a presidential system deadlock and are unable to pass a budget. In presidential systems, the legislature has the power to pass a budget, but the executive often has a veto in which there are insufficient votes in the legislature to override. If no emergency provisions are made for the government's budget, a budget crisis may develop into a government shutdown in which the government temporarily suspends non-essential services until a budget is passed. Unlike parliamentary systems, where a loss of supply would trigger the immediate fall of the government, a budget crisis can often lead to an extended stand-off. At the federal level in the United States, a crisis can often be averted by a continuing resolution which appropriates funding at the same level as the previous budget. A budget crisis can also occur if the legislative branch has a constitutionally mandated dissolution or sus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
YouTube
YouTube is a global online video platform, online video sharing and social media, social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the List of most visited websites, second most visited website, after Google Search. YouTube has more than 2.5 billion monthly users who collectively watch more than one billion hours of videos each day. , videos were being uploaded at a rate of more than 500 hours of content per minute. In October 2006, YouTube was bought by Google for $1.65 billion. Google's ownership of YouTube expanded the site's business model, expanding from generating revenue from advertisements alone, to offering paid content such as movies and exclusive content produced by YouTube. It also offers YouTube Premium, a paid subscription option for watching content without ads. YouTube also approved creators to participate in Google's Google AdSens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody's
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Service' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Sun-Times
The ''Chicago Sun-Times'' is a daily newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has the second largest circulation among Chicago newspapers, after the ''Chicago Tribune''. The modern paper grew out of the 1948 merger of the ''Chicago Sun'' and the ''Chicago Daily Times''. Journalists at the paper have received eight Pulitzer prizes, mostly in the 1970s; one recipient was film critic Roger Ebert (1975), who worked at the paper from 1967 until his death in 2013. Long owned by the Marshall Field family, since the 1980s ownership of the paper has changed hands numerous times, including twice in the late 2010s. History The ''Chicago Sun-Times'' claims to be the oldest continuously published daily newspaper in the city. That claim is based on the 1844 founding of the ''Chicago Daily Journal'', which was also the first newspaper to publish the rumor, now believed false, that a cow owned by Catherine O'L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tammy Duckworth
Ladda Tammy Duckworth (born March 12, 1968) is an American politician and retired Army National Guard lieutenant colonel serving as the junior United States senator from Illinois since 2017. A member of the Democratic Party, she represented Illinois's 8th congressional district in the United States House of Representatives from 2013 to 2017. Born in Bangkok, Thailand, and raised in Honolulu, Hawaii, Duckworth was educated at the University of Hawaii at Manoa and George Washington University. A combat veteran of the Iraq War, she served as a U.S. Army helicopter pilot. In 2004, when her helicopter was hit by a rocket-propelled grenade fired by Iraqi insurgents, she lost both legs and some mobility in her right arm. She was the first female double amputee from the war. Despite her injuries, she sought and obtained a medical waiver that allowed her to continue serving in the Illinois Army National Guard until she retired as a lieutenant colonel in 2014. Duckworth ran unsuccessfu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Kirk
Mark Steven Kirk (born September 15, 1959) is a retired American politician and attorney who served as a United States senator from Illinois from 2010 to 2017, and as the United States representative for Illinois's 10th congressional district from 2001 to 2010. A member of the Republican Party, Kirk describes himself as socially liberal and fiscally conservative. Born in Champaign, Illinois, Kirk graduated from Cornell University, the London School of Economics, and Georgetown University Law Center. He practiced law throughout the 1980s and 1990s. He joined the United States Navy Reserve as a Direct Commission Officer in the Intelligence career field in 1989 and was recalled to active duty for the 1999 NATO bombing of Yugoslavia. He participated in Operation Northern Watch in Iraq the following year. He attained the rank of Commander and retired from the Navy Reserve in 2013. Kirk was elected to the House in 2000. During his fifth term in November 2010, he won two concurrent e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leslie Munger
Leslie Geissler Munger(January 5, 2015) "Rauner to Appoint Leslie Munger as Next Illinois Comptroller" ''WGNtv.com''. Retrieved January 12, 2015. (born September 5, 1956) is an American politician and business executive who served as the Illinois Comptroller in 2015 and 2016. She was appointed by incoming Governor Bruce Rauner to fill the vacancy caused by the death of re-elected Comptroller Judy Baar Topinka. Career Munger is a former corporate executive for Helene Curtis/Unilever. She oversaw the United States hair care business for Helene Curtis from 1984 to 2001 under former CEO Ron Gidwitz. Political career In 2014, Munger ran for the Illinois House of Representatives in the 59th District against incumbent Democrat Carol Sente but narrowly lost. After the sudden death of Comptroller Judy Baar Topinka, then-Governor-elect Bruce Rauner appointed Munger as Comptroller. She was sworn in on January 12, 2015, the same date as Rauner and the other elected officials. On No ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Susana Mendoza
Susana A. Mendoza is an American politician. She is the 10th Comptroller of Illinois, serving since December 2016. A member of the Democratic Party, she formerly served as Chicago City Clerk and as an Illinois State Representative, representing the 1st District of Illinois. Mendoza was first elected as State Representative in 2000 and served into her sixth term, when she won the election for City Clerk of Chicago in February 2011, becoming the first female city clerk. She served in the position for five years until successfully running for the position of Comptroller of Illinois in 2016. Mendoza ran unsuccessfully in the 2019 Chicago mayoral election. Early life Mendoza was born in Chicago to Joaquin and Susana Mendoza, who had emigrated from Mexico in the 1960s. The family moved from Chicago's Little Village neighborhood to Bolingbrook when she was a child due to the ongoing violence in Little Village. Mendoza graduated from Bolingbrook High School in 1990 where she earned Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illinois Elections, 2016
The Illinois general election was held on November 8, 2016. Primaries were held March 15. In addition to federal races for President, Senate, and House, all 118 seats of the Illinois House of Representatives and 40 seats (out of 59) of the Illinois Senate were up for election, a special election was held for Illinois Comptroller, judicial elections were held, and a statewide ballot measure was voted upon. Election information Turnout Primary election For the primary election, turnout was 46.56%, with 3,569,960 votes cast. Over 520,000 of votes cast were done so as early votes. ;Turnout by county General election For the general election, turnout was 70.56%, with 5,666,118 votes cast. ;Turnout by county Federal elections United States President United States Senate United States House All of Illinois' 18 seats in the United States House of Representatives were up for election in 2016. The Democratic Party flipped one Republican-held seat, maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Elections, 2016
The 2016 United States elections were held on Tuesday, November 8, 2016. Republican nominee Donald Trump defeated Democratic Party (United States), Democratic former Secretary of State (United States), Secretary of State Hillary Clinton in the presidential election, while Republicans retained control of United States Congress, Congress. This marked the first and most recent time Republicans won or held unified control of the presidency and Congress since 2004 United States elections, 2004. Trump won his party's nomination after defeating Ted Cruz and several other candidates in the 2016 Republican Party presidential primaries, 2016 Republican presidential primaries. With Democratic president Barack Obama term-limited, Clinton defeated Bernie Sanders in the 2016 Democratic Party presidential primaries, 2016 Democratic presidential primaries. Trump won the general election with 304 of the 538 United States Electoral College, electoral votes, although Clinton won the popular vote b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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