Illinois budget passes test run, but deadline will be missed

Illinois teeters on the brink of collapse. Last-minute efforts to save the state are it's last hope. A $36.5 billion foundation for rebuilding Illinois' crumbling finances passed a critical test on Friday, but a powerful legislative leader said no deal would be reached before a critical midnight deadline -- meaning Illinois will enter its third consecutive fiscal year without a budget. http://ift.tt/2tsH0B0