Just a reminder that, of all the 50 States (or 57-58 States, if you’re Obama), California and Illinois continue to have the worst credit ratings.
That means they’re the most financially ill-run States; the ones in the most trouble with debt. They have swapped spots in 2013, with California upgraded from A- to A and Illinois downgraded from A to A-. But they’re still the bottom two.
By the way, Rahm Emanuel’s duchy of Chicago is getting low on cash, as it faces rising debt and expenses. The next Detroit?