The Treasury Department had warned that the country would start running short of cash to pay all of its bills on Monday, a development that would have sent shockwaves through the U.S. and global economies.
Governor J-B Pritzker and other state officials visited Champaign’s International Prep Academy Wednesday, part of the governor’s tour of the state to promote education spending in the new state budget.
The legislation was passed by the Senate late Thursday night after being approved by the House the previous night. Biden is expected to sign the measure on Saturday.
President Joe Biden will address the nation Friday evening from the Oval Office on the budget deal that lifts the federal debt limit and averts a U.S. government default.
The votes on raising the nation’s debt ceiling fell along party lines among the downstate Illinois congressional delegation.
General Assembly also approved measure lifting ban on new nuclear construction.
Rep. Mary Miller (R-IL15) says she will not support the debt ceiling deal negotiated by President Biden and House Speaker McCarthy.
With Urbana School District 116 administrative headquarters moving elsewhere, the district wants to sell the property to the city, which would then tear it down and seek a commercial developer for the site.
A source familiar with the deal says it would keep non-defense spending roughly flat in the 2024 fiscal year and increase it by 1% the following year, as well as provide for a two-year debt-limit increase.
An upbeat President Joe Biden says a deal to resolve the government’s debt ceiling crisis seems “very close.”
Bill hailed as first step toward broader ethics reform.
The plodding along on the state budget could still see the Illinois House passing the $50.6 billion spending plan by Friday.
Measure came to vote after frenzied two days of closed-door negotiations.
Democrats accuse plaintiffs of ‘venue shopping’ in suits challenging COVID-19 orders, weapons ban.
Gov. JB Pritzker and Democratic leaders announced Wednesday they’ve agreed to a framework for next year’s roughly $50 billion state spending plan, even as negotiations continued in the final stretch of lawmakers’ already-extended spring legislative session.