Kelly Kraft News
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Pennsylvania’s Senate passed a bill to let the state sell as much as $4.5 billion of bonds to repay federal loans for jobless benefits, which would be the largest such offering in the U.S.
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Southern Methodist University fired Athletic Director Steve Orsini as the Dallas-based school prepares to switch to the Big East conference.
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Kelly Kraft beat top-ranked Patrick Cantlay to win golf’s U.S. Amateur Championship, earning invitations to three major tournaments in 2012 and a spot on the U.S. Walker Cup team.
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Illinois residents, whose income taxes rose by a record last year to help close a budget deficit, are paying the price again for the state’s fiscal mismanagement.
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Matt Every takes a three-shot lead into today’s second round of the Texas Open after shooting a course-record 9-under-par 63 while seeking his breakthrough win on golf’s U.S. PGA Tour.
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Ben Curtis won the Texas Open by two strokes over Matt Every and John Huh for his fourth title on golf’s U.S. PGA Tour and first since 2006.
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Illinois Governor Pat Quinn will ask lawmakers next month to authorize an $8.75 billion bond sale to pay at least $6 billion in overdue bills.
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Illinois, which shares the worst state credit rating with California, plans $1.5 billion in tobacco-bond sales as soon as this month to pay bills and balance its budget.
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The fastest recovery in state revenue since 2006 is helping bonds backed by dedicated taxes outperform general-obligation debt by the most in a year. That’s allowing Illinois, tied with California for the lowest credit rating, to borrow $300 million at the top grade.
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Illinois Governor Pat Quinn is considering borrowing $15 billion to pay overdue bills and balance the biggest budget deficit in the state’s history.
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