forehead of the people of illinois.ill solve none of our problems. >> cheryl, the governor stopped short of threatening lawmakers who might vote to override him with a primary challenger. he has considerable financial resources that he could deploy for anyone who wanted a challenge someone in republican primaries next year, who votes against him. he didn't threaten that, i think that is the unlying message there. you know in terms of what is in the bill to be clear about it, what is in, tax increase is in. there is also cuts, about $2.5 billion worth of cuts that the democrats have allowed, including 10% to higher education. but out, a property tax freeze that the governor desperately wanted. reform of the workers' compensation program in illinois which he says is unfair to business. no pension reform. start of it though, if this takes effect tomorrow won't be until july 1st. democrats wanted it to be retroactive to january 1st. they gave on that one. we'll see tomorrow the house reconvenes, 1:30 tomorrow local time in

laho, and the gentleman from illinois, mr. panetta, each will control -- and the gentlema from california, mr. panetta, ea will control 20 minutes. mr. lahood: isk unanimous coent that all membe have five legislative day it is revise and extend their remarks. the speaker pro teore: without objection. mr. lhood: i yield myself such time as i may consume. thspeaker o tempore: the gentleman irecognized mr. lhood: i rise today in support of h. 1404, the pascua yaquiribe land condition vayians act, sponsored by mr. grijalva, ranking mber on the naturaresources committee. thisould be a land cveyance involving the pibe -- the tribe, distric.na school it will be placed itrust for the benefit of the tribe if the district releases all rights, title and intere to it. a 13.24 acre parcel of land shall be sdly the u.s. to the distct at fair market lue and a federal interest of 27.5 achers of land held by the district shall be cleared in exchange for the district paying this -- paying the appraise value of thfederal interest. the federal in

the state of illinois managed to pass its first budget in three fiscal years narrowly avoiding a junk credit rating people blame stubborn politicians illinois has some very specific problems of its own but we are seeing themes stretch across the nation and the world first let's touch on the prairie state though joining me now from new york to discuss cate long founder of puerto rico clearing house look how do we get to this place in illinois let's go along partisan lines here illinois reflects much of the nation the democrats and the republicans have decided early different views of the current budget so how do we get to this place. hundred percent right lindsay in the state of illinois the democrats have controlled the house in the state legislature for decades. and on and off they control the senate and they've mainly had is democratic governor and they've just spent and spent and often not collect enough taxes and most importantly put off their pension liabilities so just like your lead in on the foreign countries illinois has this massive overhang of unfunded pension liabilities t

and now he's made a killing in bitcoin as it heads above twenty six hundred today and the state of illinois is in a debt crisis that extends way beyond that it goes across the nation and we are seeing similar problems around the world. right now. the euro jumped to a fourteen month high after european central bank president mario draghi stated that interest rates will remain unchanged he also vowed to continue the e.c.b. asset purchasing plan through december or even beyond before the speech the euro traded as low as one dollar fourteen cents and that climbed one basis point two one sixteen the highest since january twenty fifth taking the british pound to nearly one twenty nine the euro has been one of the strongest performing currencies this year up nine point nine percent in two thousand and seventeen point eight percent just this week alone. and future. future pence her nerves will have to work an extra year to collect their retirement in the u.k. the pension age will be hiked to sixty eight over two years starting in two thousand and thirty seven pension funds currently spend five poin

illinois has $15 billion in unpaid bills. trillion in unfunded pension opportunities. my next guest says we should dissolve illinois and white off the map. the leading columnist of all of the save illinois. the esteemed john cass i'm glad to call a great friend. and i feel somehow so much richer sitting here in new york than in illinois. >> you should. lou: the problems you allow these democrats to create. did the republicans have anything to do with it as well. i don't know. >> some republic canes gave the democrats what we d some republicans gave it democrats a cover for the vote. we have a combination in illinois. you have it in washington as well. you see it every day and you wonder why aren't these leaders doing -- you figure it out. so in illinois -- lou: where is rahm emanuel? he's racial another crisis. >> i thought he was in new york opining about the trains running on time or getting in a fight between the "post" and "daily news" over his vision. lou: deblasio is over at the g-20 with the anarchists. we are pleased

remember that time the illinois delegation was having a fight over how to pronounce the name of illinois? i said, you know how i feel. there is illi-noise. they bring in john quincy adams to mediate the dispute, former secretary of state. before we had iphones. they asked him, how do you pronounce illinois judging by you guys, i think it is pronounced -- all noise. would have lincoln been there for that most likely. lincoln was at the party were john quincy adams. i think lincoln would have saw them out. he was very good about finding mentors, finding people in the law, in politics to guide him. lincoln's father was an orphan who worked on farms. lincoln was raised on farm work, someone who taught himself how to read. so he knew if he was ever going to be the man he wanted to be he was have to -- he would need to find mentors, find people to aid him. i can't imagine a better person than john quincy adams. visitors to the house gallery describes seeing him and being in awe. this former president with such high stature, someone who had worked for presidents washington, madison, monroe, who

without a budget, illinois hasn't been able to pay its bills. it currently owes about $15 billion in unpaid bills from everything to chicago publ non-profits have had to lay off staff and shut their own doors as a res >> i was talking to an organization this morning, ff of so many programs because they haven't been getting paid and their youth service provider, so they're in the uncommunities working with kids after school and they have to cut back so, where do those kids go? well, you know, they've got nothing else to do. what are they going to do besides do things they shouldn't be doing. >> some services are expected to stop as lawmakers can't agree to a budget tonight. the illinois department of transportation said it would start shutting down road construction projects beginning today. the idot loses its ability to pay contractors, which could cause thousa work. powe ball sales have stopped and they're due to be halted because the state doesn't have enough funds. it's going to take more than luck for this >> john hicks joins us now to discu

sanford: i thank my colleague from illinois. they have worked tirelessly in a way to craft a balance between the competing points of view of this whole issue of ozone. i know he is concerned about people's health and concerned about the environment. but on this particular issue, i respectfully disagree and agree with my democratic colleagues because the time to act is now. at some point it becomes a question of not now, when? delay moves to the point of obstruction moving forward on an idea that has had its different wrinkles in fairness to my colleague from illinois. but you have to act. people's health does weigh in the balance and 2,000 cases a day of asthma that we need to have a bias for action. it's a time for action. i think it's reasonable. billionrom 75 parts per is not a huge change. and finally, simply, i believe it sits with the conservative philosophy that i believe in. my rights end when they begin to infringe upon yours. this notion of privatizing gain and offsetting costs to the public is something we always have

how to pronounce the name illinois? back then people disagree so they bring in john quincy adams to mitigate you can get a former secretary of state to mitigate petty disputes before we had and i fell. [laughter] they said how to pronounce it? judging buy you guys i think it is pronounced all the noise. [laughter] >> he was good of finding mentors and people in politics remember lincoln former -- father was a former who was an orphan his entire life. he needed to find mentors mentors, he needed to find people i cannot imagine a better person thanjohn quincy adams. he is describing of being in all of them. this former president of high stature, worked for president washington, madison, monroe, no question lincoln would have sought him out but i try to make the best guess but neither of them ever recorded it. >> but the abolitionist? >> he was. john quincy adams was a huge abolitionist fighting the gag rule. >> briefly mentioning his father a thing about his relationship with his dad as adults? >> it is not a great one bu

in illinois, the state is taken a step ending a two-year budget impasse.a 32% increase in. income taxes. the senate has to vote on the measure. illinois that they do not pass the budget, the state could be the first ever to have its cutting -- have its tax rating cut. i'm emma chandra. mark: thank you. european union's framework for dealing with struggling brinks coming into focus, pouring into 7 billion euros into two struggling lenders. this is monte dei paschi. joining us from rome with an exclusive look is giovanni sabatini. he is the chairman of the european banking federation. thank you for joining us. it is been a week or so since the unwind of those two banks. what is your assessment of the deal? giovanni: good afternoon, mark. deal of all, i think the that the italian government was able to reach with the european institution after the -- is marking the a turning point for the entire italian banking sector. coupledrly liquidation with the green light on the paschiion of the monte will remove the dark clouds hanging over the horizon of the italian

. >> neil: thank you, shepard, you're looking live inside the illinois state house in springfield, illinois, the state capitol there is on a temporary lockdown. they found a white powder substance, and they still haven't gotten to the bottom of it. so there is a hazmat situation developing there. all of this, as the legislature there taking up an effort that would effectively override the governor's veto that would essentially end one of the longest state's fiscal crisis since at least the great depression. now, all of this comes at a time when illinois residents don't have to be reminded that their state is in deep financial do do here. and even with these proposed changes and assuming they get over this hazmat scare, the fact of the matter is, rating agencies are still likely to downgrade the state's debt. jeff lock, fox business network, has been following this closely. maybe he can bring us up-to-date. what's going on, jeff? >> reporter: as if there wasn't enough drama today in illinois already, neil, where we had this big showdown vote. you're looking at a picture of the gallery. every

a potential downgrade of illinois's credit rating to junk. the first state ever to sink so low. >> illinois has lost residents more than any other state. >> reporter: it's joked that the residents are so frustrated that neighboring states should take over. >> it's illinois. >> reporter: yeah. >> so end it, really? >> it's one possibility. you just wipe it off the face of the map. >> reporter: in the state capital, most of elizabeth's patients are state employees. illinois not paying their insurance bills. >> we have essentially not gotten paid for 70% of the work that we have earned. every once in a while, there's a check that comes in but for what we're owed, it's crumbs. >> reporter: lawmakers now desperately trying to fix this self-inflicted financial disaster. ron allen, nbc news, chicago. >> it is iraq's second largest city and tonight mosul is in ruins after an eight-month battle to drive out isis militants. iraqi forces backed by american advisers are now close to achieving that goal. nbc's chief foreign correspondent richard engel is

his name and illinois is hollywood hendon.e teased the bejeezus out of barack obama before that confrontation took place. his description of that is 100% accurate. i have interviewed another 15-18 people who were present that day and witnessed it. two or three of whom got between them to break it up. without question, they describe barack as the aggressor. senator hendon is in good shape but shorter than barack obama. it is a unique story that senator hendon was so able to agitate barack obama that barack obama wanted to have a fistfight with him. brian: i do not know how to ask this but, in all of the time that you reviewed barack obama's life, did he ever do anything illegal? besides coke? david: no. but i would tell you to stories that i think are indicative of illinois politics. in illinois politics, the phrase is well known, pay to play. where if someone wants to receive business or grants from the state, you better be a campaign contributor. and i think one of the things in his entire political record that he is most emb

what happens if a state like illinois does not pass the budget? reporter: funding to universities, they might miss out on financial aid. their motto, the powerball, those that stop, those will be fixed it to be a big mess. let the sun new jersey, over the weekend people couldn't go to the beaches. train to largely illinois has been in the situation for years and they can't get himself out of it. thank you very much. good story. lori: take a look at this. amtrak passenger train heading to seattle and the chambers bay golf course in pearce county, washington. fortunately none of the cars went into the water. 267 passengers were safely evacuated. no serious injuries. tracks were reopened a few hours after the incident. cause of the incident under investigation. the show you some more credible pictures in colorado we've gotten overnight. a united express track caught fire after they meet at the airport yesterday afternoon. the places inbound with more than 60 people aboard when the engine went up in flames. locally, all passengers on board were safely

got into the university of illinois, could not afford it. he went to truman community college with a b average for free. now he's going to northwestern university with a scholarship for his education. he will come out with a degree in neuroscience from northwestern university and basically, basically have, no college debt. put that in your pipe and smoke it. so that's our educational plan in a net shell in chicago, go from kindergarten to fourth grade to pre-k through 12 model. and finally what wave established and embarked upon is what was just described. and let me give a full description of it, which is today if you look at college acceptance -- community college acceptance in the armed forces. and i want to get back to the armed forces because i forgot about it, chicago has 65% of our kids already going to college or community college. they're taking college credits in high school, they've got ap or dual credit, dual enrollment. and we match the united states, as i said, in both of those categories even while our population is different

i don't want to see washington end up like illinois. host: jennifer in woodstock, illinois. in new mexico, albuquerque on the republican line. caller: hello. hi, you're on. caller: yes, i'd like to know give president trump a chance. they give everybody else a chance. know why ats, i don't trump don't go after hillary for all the things that she has done in the past. say.'s all i got to host: gary, he's been in office six months, how long of a chance needs?think he caller: well, everybody keeps beating him up, if they would have a better world. host: one more call this will be dewey from dobson, north carolina. go ahead, you're on. hi, thank you for taking my call. first-time caller calling in. dc with a group of 70 america m across north from different churches, here in dc talking about political division. of such division across the country is great to perspective of our youth talking about how to resolve some differences or even allow differences to exist and maintain our civility. we've lost on many civility, i'm inspired the way ou

million. $300 tate of illinois is billion in debt to the pension system for all state employees of illinois. host: that is bill in illinois. talking about s, that state's problems. see more you want to about the information, didn't have a chance to talk to the to mercatus t, go center.org, about the state and fiscal conditions. modesto, california, democrat's line. mike, hi. want to ey, i just comment on the deal about how diverse in are so their having to take care of supportho are unable to themselves. these people didn't wind up in ghettos because f inferiority, as a lot of people like to believe. they wound up there by plan. houses, 't give them all these things, they wind up there. they suck the work out of those are, and there they those states ty, have to pay for them. hey decided, we will keep you alive, after that, screw you. about on't have judgment people on the other side, i totally understand, you know, he high school graduate or drop-out. the most important thing in your a man, is to support your family. this ou are afraid that other group is going to take your borderline job,

illinois will come back to steal more money from the residents of illinois another couple of years.it, people are just getting out. you know this more than anybody. the people leaving are the doers, the makers of the business owners and taxpayers. they pounded. they are going to wisconsin, indiana, anywhere but here. liz: now let's get to this story. we are hours away from president trump leaving for paris to address. and terrorism with french president emanuel macron. getting onto the d.c. swamp. the president may have to answer questions about don junior and the new russia controversy. what do you think? >> you probably will. i give them a lot of credit. he's our oldest president. he's 71 years old right now. the guy is a machine. he's all over the world. he was just a cheap 20. now it's going to go back to france. he and macron, when it comes to the issue of islamic terrorism, i think that's an issue where they can work together. trump can give macron a lot of cover because trump unlike macron isn't afraid to call it what it is, muslim terror in france has a real problem. i think

his nickname in illinois is hollywood hendon. the senator teased the be jesus fourf barack obama for years before that confrontation took place. his description of that is 100% accurate. another 18 people who were resident that day and witnessed it, two or three of them. between them to try to break it up. they describe barack as the aggressor. senator hendon is in good physical shape but a good bit shorter than barack obama. it his a unique story that senator had to was so able to agitate barack obama that barack obama wanted to have a fistfight . in all the time that you've reviewed his life, did he ever do anything illegal? besides coke. >> illegal, no. stories thatyou to i think are indicative of chicago politics. phrase pay to play, if someone wants to receive business or grants from state government you better be a campaign contributor. in histhe things in his political record that he is most embarrassed about is $10,000 and contributions he received from a cell site active or -- activist named jesse -- who was sent republi

viviana desde illinois tiene el informe.inois luego de las lluvias. tony ayala dice que es la 1 vez que vive 1 situaciÓn de esta magnitud. >> hemos estado dÍa y noche tratando de sacar el agua. >> el gobernador de illinois declarÓ estado de desastre para los condados de mc henry. >> la tierra estÁ muy suave. >> las autoridades de illinois dicen que el peligro continÚa y no descartan evacuaciones de casas y negocios puntos unos 6800 inmuebles han resultado afectados. >> tenemos que tratar de salvar lo que se pueda. >> aquÍ no hay pronÓstico de lluvias, sin embargo las autoridades han advertido que hasta 2 " puede aumentar la creciente. hay decenas de voluntarios y llenando bolsas de arena que usarÁn como barreras de contenciÓn. desde tempranas horas los voluntarios llegaron a la zona de desastre. >> vemos el lado positivo. hay mucha gente ayudando. hay gente necesitada, han perdido mucho. >> en wisconsin, 3 condados fueron declarados en emergencia. la cruz roja ha establecido 1 refugio de prestas ayuda psicolÓgica y mÉdica a

in the meantime, illinois in real bad shape.tatement and the state votes now to raise taxes. jeff flock joins us from chicago. is the governor, who is a republican, going to veto this, jeff? >> oh, absolutely. i think he absolutely will. he said he would yesterday. you know, he didn't get any of the reforms he wanted, charles. he said he would agree to a tax increase if they reformed the pension system, if they reformed the workers' compensation system. if they put a sunset provision in the tax increase. they he didn't get any of that. he said, yeah, i'm going to veto this. the question is, do they have enough votes to override the veto. 15 republicans voted against the governor, essentially and voted for the tax increase, they said it's gone far enough. we're going to get downgraded if we don't get a budget by wednesday i think is the drop-dead that's when people kind of come back to work and rating agencies if they don't have a budget, they might downgrade illinois to junk. it's a tough situation, there's no good answers here,

its western terminus was in illinois. the state capital at the time. why was this type of project necessary? >> it was necessary because in the years following the american revolution, there was a major disconnect between the people living along the western frontier and those in the more established cities on the east coast. a lot of politicians and other important people noticed that there was a disconnect, and it worried them greatly. george washington was one of the people really concerned about western settlers who were across the mountains, it was hard to indicate with the people in the east but it was hard to trade with them. they were worried the western settlers were trading with other countries, other people to the west, not bringing the commerce to eastern cities. ais also became potentially political disaster, as well, and it was proved with the whiskey rebellion in the 1790's. at that time, the western citizens did not feel connected to the federal government along the east coast and communication aoke down, and in terms of violent uprising

. >> trish: all right, facing a financial crisis, everyone, illinois lawmakers passed the first stateudget in two years, overriding the governor's veto. and guess what they did? of course, they hiked taxes. millions of you are online right now, searching one topic. that will generate over 600 million results. and if you've been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. so start your search with a specialist at cancer treatment centers of america. start with teams of cancer treatment experts under one roof. start where specialists use advanced genomic testing to guide precision cancer treatment... ...that may lead to targeted therapies and more treatment options. start where there's a commitment to analyzing the latest research and conducting clinical trials-to help each patient get the personalized cancer care they deserve. start at one of the cancer treatment centers of america hospitals near you. the evolution of cancer care is here. learn more at cancercenter.com/experts appointments available now. >> trish: billions of dolla

i'm also from the state of illinois, born and raised there. state in the last four years they built this problem, problem that has been run by republicans in general. governments have been -- state of illinois, i appreciate you deescalate the political environment around this question. come from the s point of the relationship -- and states that are all having fist problems. new jersey, f the illinois, connecticut and california, these states all more in income tax funding receive from states thattates -- receive three to four times the amount of money, paying income of united funding states government, how -- what is the relationship between what by the in income tax residents of the states performing poorly and funding government?deral thank you. guest: yeah, i think those states that you mention are tronger economies, certainly they have got a lot of business and corporations and wealth and receipts are higher. i think the money comes back to what it is being used for. this study evaluates the area hat the state is responsible for themselve

but you made a difference in illinois.g to see justice because of you and what you did, and hopefully some people out there will watch the show, find out what the laws are in their state and try to change it. thank you, scott, and thank you for trusting us with this story. you're a very brave man and it was horrible what happened to you. but ultimately you found a way to make some good out of it. so thank you so much. >> thank you. >> that's it for "the lead." i'm jake tapper. i'm jake tapper. wolf blitzer will join you in "the situation room" right after this. care of business ♪ what's going on? oh hey! ♪ that's it? yeah. ♪ everybody two seconds! ♪ "dear sebastian, after careful consideration of your application, it is with great pleasure that we offer our congratulations on your acceptance..." through the tuition assistance program, every day mcdonald's helps more people go to college. it's part of our commitment to being america's best first job. ♪ they always refer to me as master sergeant. they really appreciate the m

parts of iowa, wisconsin and illinois are already flooded. david begnaud is north of chicago in gurnee, illinois. >> unprecedented is what it's called. authorities say two months of rain have fallen 12 hours in gurnee north of chicago. it's not uncommon to see flooding but 1.6 trillion gallons of water fell this week on portions of wisconsin and illinois, where bruce rounder is the governor. >> folks think things are fine or getting better. they're not. >> in lake county, illinois, 5800 buildings damaged by flood water. forecasters say flood manager the northern chicago suburbs will get worse in the next few days as water flows down rivers into the state from wisconsin. in burlington, the town's four bridges remain closed because the swollen fox river crested at more than 17 feet. back in gurnee, illinois, we found gary campbell defiantly optimistic that the wall of sound he put around his home of 40 years is going to hold. >> reporter: do you think you're going to be able to safe to? >> i've survived all the other ones. the things you lose,

reopened for business. >> what about illinois?ny other states is we discussed with one of your guests was the funding in states outrageous we need to cut spending, it is great you get a little bit of a tax increase interesting that republicans are voting for that it comes on the spending, that is the biggest issue, that they need -- corporations to trump's point. >> we had senator round on last week said a republican talking about where -- i am in favor of keeping the investment income tax increase at 3.8 percentage points in obamacare, because then i said what about flip side rather than i raising taxes why don't you cut spending seems republicans don't have guts to do that after they started spending money you've seen it in illinois. >> absolutely, look -- we -- look through society, technology is permeating every aspect of lives more foesht, driving down the cost of a lot of things. except government, government is the only thing getting more wasteful demandinging more resources providing fewer resources during the process. so

it's illinois. end it, really? just one possibility, just wipe it off the face of the map. >> reporter: most of elizabeth's patients are state employees, illinois not paying their employees. >> we have not gotten paid for 70% of the work. every once in a while there's a check that comes in. >> reporter: lawmakers are desperately trying to fix this self-inflicted financial disaster. >> ron allen, thank you for that. >>> up next, a doctor is hoping to turn in her stethoscope for a seat in congress. that's after a quick break. at johnson's we care about safety as much as you do. that's why we meet or exceed 15 global regulations for baby products. and where standards differ, we always go with the toughest. johnson's. choicehotels.com. badda book. that's it?. he means book direct at choicehotels.com for the lowest price on our rooms guaranteed. plus earn free nights and instant rewards at check-in. yeah. like i said. book now at choicehotels.com oscwe went back toing bithe drawing board...s. and the cutting board. we r

you want to compare to it illinois and connecticut and new jersey where you have an environment that is causing businesses to flee. it's causing people to flee. various factors going on there. but i think you're getting at the notion of making it strong economic environment for texas to thrive. host: let's hear from salem,more fwafpblet this is john for our guest, eileen norcross. hello. caller: yeah. hi, eileen. i come from oregon and like hers is one area where we have things. it seems like all settled out really well. are people here that work for the state have a great retirement system? the only thing i see as an issue in oregon which is a nice state, is that we don't have sales tax. and i know people here in oregon just love that. you know, you answer some of the questions on how you would evaluate oregon of how we're economically appeaseable? i'll take my answer off. guest: thank you. oregon does this pretty well in the fiscal rankings. i would look at the pension system more closely. i think if we are interested in having a robust well funded plan in the states, the first ste

illinois building was in the haven that it was thought to be. when st.ot to say that louis did except black refugees and took care of them, it was welcoming. at about that. of time, the voters of st. louis passed a law that essentially entity whereegated lines were drawn on the map and blacks and whites cannot move across those lines. they can later. -- they could later declared unconstitutional. it was about the time of the right. i believe the lowest passed the same year as the right. i don't believe the right had anything to do with it. the campaign had started in about 1950. >> i heard your interview on ksw kwnu.u -- was asking your questions, one was about the harbors perpetuated against blacks. he didn't want to go into specificity about it. i think there is a pattern of wherever it comes to the horrors against african-americans. could you speak a little bit to some of the horse perpetuated against the black community? were there other specific things that stand out? at least two men were hung. reportede incidents was when the white mob wa

carol: how much is illinois in debt?zabeth: because of the ongoing budgeting, we are looking at about $15 billion in unpaid bills, and at the same time, or deficit is in the neighborhood of about $6 million. if things keep going, the comptroller said the state is effectively hemorrhaging cash. cutre soon going to have to into thing like core services. she did emphasize that debt service is a priority and will continue to be paid, regardless. servicethey say debt will continue to be a priority, but these costs are going to keep adding up because even when the downgrade does happen, that takes it down to junk, the first date it has ever happened to. borrowing costs go even higher. what kind of yield is that bring us to? what kind of cost is that when on the state as a burden? elizabeth: if and when illinois votes for the bond market again, if they have a junk rating, borrowing costs are going to go up. illinois already has the highest spread on its bonds compared to debt. i check about 22 states illinois has the highest sp

el gobernador de illinois declarÓ estado de desastre para los condados ley, que y mackenzie. no descartan evacuaciones de casas y negocios. una 6800 inmuebles han resultado afectados. >> no se pueden recuperar pero bueno, ahora ya tenemos que salvar lo que se pueda. lo demÁs irá la basura. de guerra: aquÍ no hay pronÓstico de lluvias. si embargo, las autoridades han advertido que dos " podrÍa aumentar la creciente de los dos principales rÍos en illinois. hay decenas de voluntarios llenando bolsas de arena que utilizarÁn como barreras de contenciÓn. desde tempranas horas, los voluntarios llegaron a la zona de desastre. >> hay gente necesitada, veo a mucha gente ayudado, han perdido mucho y muchos mÁs cerca del rÍo van a perder sus casas, seguro. tres condados fueron declarados en emergencia, donde miles son los damnificados. en kenosha, los afectados dicen que no tira lugar a donde ir. sus casas quedaron inhabitables y piden ayuda. presentadora: la casa blanca dijo que el propio presidente trampa intercediÓ para que se les permitiera elingreso. elena paz tiene los detalles. ma

illinois party has the highest spread. bloomberg checks about 22 states in illinois. those unpaid bills, we are looking at 800 million in insurance and late fees alone, that comes on top of any future bonding costs. >> they cannot fire for bankruptcy, this is in detroit which could file for bankruptcy. how did they get to this day? how are they constantly in the red? >> illinois has been running deficits since about 2002, at the start of 2015, tax increases started with about four or $5 billion. at that same time, the first republican to lead the state since 2310 office and he was trying to see how they could fill that deficit. he has pushed for structural reform in things like changes in acting term limits, are pretty tax reasons and the democrats have resisted. they haven't been able to come to an agreement or have a spending plan for about two years now. >> just ahead, we speak to best selling officers -- authors. >> every production about the future made by elon musk. >> this is bloomberg businessweek. ♪ oliver: welcome back to bloomberg businessweek. rol: what el

el gobernador de illinois declarÓ estado de desastre para los condados ley, que y mackenzie. peligro continÚa y no descartan evacuaciones de casas y negocios. una 6800 inmuebles han resultado afectados. >> no se pueden recuperar pero bueno, ahora ya tenemos que salvar lo que se pueda. lo demÁs irá la basura. de guerra: aquÍ no hay pronÓstico de lluvias. si embargo, las autoridades han advertido que dos " podrÍa aumentar la creciente de los dos principales rÍos en illinois. hay decenas de voluntarios llenando bolsas de arena que utilizarÁn como barreras de contenciÓn. desde tempranas horas, los voluntarios llegaron a la zona de desastre. >> hay gente necesitada, veo a mucha gente ayudado, han perdido mucho y muchos mÁs cerca del rÍo van a perder sus casas, seguro. tres condados fueron declarados en emergencia, donde miles son los damnificados. en kenosha, los afectados dicen que no tira lugar a donde ir. sus casas quedaron inhabitables y piden ayuda. presentadora: la casa blanca dijo que el propio presidente trampa intercediÓ para que se les permitiera elingreso. elena paz tie

this is not just an illinois issue. however, for all the things we can do just to make the funding tools work better and have better access to them, i don't think the money is necessarily the fix-all of these things. an infusion of funding for cities like chicago, oklahoma city, little rock, some of the bigger places with the capacity to take that money in and use it for infra structure projects makes a lot of sense. -- many communities do not have technical capacity or staffing to be able to receive federal funding, to apply for it. and the issue there is government and fragmentation of the system, right. we have a handful of water resources in illinois. and yet, we have 400 utilities managing these different systems, right. many areas of the country are just like this. when every mun palt has its own utility and operates essentially as the public works department, a lot of the decisions made are wrapped up in the other political decisions that that municipality has to make. if you are looking at adjusting water rates

reporter: as state of illinois building here, melissa. time we could indeed have the first budget going on three years. some debate whether there is a good idea or bad idea. governor thinks it is a bad idea. he thinks it is a bad budget. he had warning for republican legislators planning to override his veto. take a listen. >> i will veto tax hike. i will always veto tax hike without fundamental reform. tax hikes are not the answer. i'm calling on members of the general assembly, do not override my veto. do not vote to override my veto. reporter: that is about as strong as you can put it. sort of between the lines there, was, or i will run a primary opponent against you in the republican primary. you will be out of a job. that is what he didn't say. but maybe he did say. you now here is how it broke down when the house, they will vote by the way tomorrow, to potentially override. here is how it broke down when they passed the bill. this is the tax-and-spending bill. democrats 57 yeses. republicans 15 yeses, breaking with the governor to g

the engagement and arecautious to the leadership of our people , our cochair sherry cousteau from illinois, senator cellini of rhode island and zachary of the state of new york. >> but the leadership of our d triple c chairman ben rulon, i think them or their leadership area. >>. >> from them and from the members of the senate were gathered here, distinguished members, you will hear what democrats have heard from the american people across the country. democrats know a better deal for hard-working men that demands bigger, braver things and to create jobs and raise incomes for american workers by creating good paying jobs for 10 million more americans in the next five years. we have set a goal. to lower the cost of living for american families taking unprecedented actions to lower the cost of prescription drugs is very important and my cracking down on the base cost for our families and competition. to give every american in the industry who wants to create jobs and figure paychecks, lower the cost of living, and give every american the tools to succeed in the 21stcentury . we want every fa

liz: the road to recovery has begun in illinois. literally, the road.h a budget deal finally locked down, work crews have been given the green light to start work on half the state's road projects, which have been sitting idle. and then the rest of these projects will kick off next week. and for those of you lucky enough to live in illinois, you can now buy powerball and megamillion tickets again according to the state's lottery system, they had shut it all down. no money. but now apparently with this budget, they have some money. but will it be enough to end the fiscal woes in the land of lincoln. you're shaking your head? what the -- >> no, it won't. we bought a little time, liz yesterday, and there was a lot of drama, as you know, around that. right during your hour yesterday. we had the guys in the hazmat suits. an apt metaphor, perhaps for trying to cleanup illinois' budget mess. it was white powder that turned out to be powder. not poison. but the pill was swallowed by the legislatures. i want to show you how the bill came down because a lot of pe

departy springfield, illinois, headed for the mexican province of alta, california. like so many more to come they were also inspired to head west by the promise of a richer life offered by america's grand expansionist movement. the america they were leaving behind in 1846 was a nation of some 20 million people, including indians and others, held in bondage as slaves. plantationsplantationsplantatiol dominate bid the fast pace of growth was transforming the landscape, the surge of cities, the stirring of industry and the rush of transportation and commerce marked the times. there was no holding america back in 1846. the nation beings fictionalled on extending its borders. it was a watershed area, said the late, great ben understand devoto and would later call it the year of decisions. and indeed it was, and not all those decisions proved wise. america was changing from struggling new nation into the new bully on the block. the sovereign nation of texas was annexed the year before and became a slave state. america wanted more. present day california, arizona, new mexi