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Illinois' financial troubles draws attention of Wisconsin governor

2:40 PM, Aug 29, 2012   |    comments
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SPRINGFIELD, IL (AP) - Illinois politicians aren't the only ones commenting on the state's credit rating being lowered. The governor of Wisconsin is talking about it, too.

Gov. Scott Walker says the bad news shows the "stark contrast" between Illinois and Wisconsin.

The Republican governor says Illinois leaders failed to take action, while Wisconsin balanced its budget and made long-term reforms.

Walker has tried to use Illinois' economic problems to lure businesses to his state. Last week, though, Illinois landed an aerospace company that Walker was courting.

Illinois Gov. Pat Quinn hasn't been shy about criticizing Walker for battling public-employee unions.

Standard & Poor's announced Wednesday that it's lowering Illinois' credit rating one notch, largely because of continuing pension problems.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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