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Bond sale to pay overdue bills may aid Illinois' rating: S&P

Bond sale to pay overdue bills may aid Illinois' rating: S&PThe sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. The credit rating agency said the issuance of 12-year general obligation bonds would be cheaper than late payment penalties of as high as 12 percent that the nation's fifth-largest state owes on much of its nearly $14.9 billion backlog of bills. The bond authorization was included in a fiscal 2018 budget enacted in July by the Democratic-controlled legislature over Republican Governor Bruce Rauner's vetoes.



Treasury secretary's wife apologizes for Instagram sniping

Treasury secretary's wife apologizes for Instagram snipingThe flap erupted after Mnuchin's wife, Scottish-born actress Louise Linton, posted a photo of herself emerging from the aircraft wearing a white outfit and sunglasses, using the hashtags "#tomford," "#hermesscarf" and "#valentino," according to images of the Monday evening post on social media. In her initially vitriolic response to the "deplorable" criticism, Linton had lashed out about how much she and her husband contribute to the economy and pay in taxes.



Trump not to pardon former Sheriff Arpaio during Arizona trip: White House

Trump not to pardon former Sheriff Arpaio during Arizona trip: White HousePresident Donald Trump will not issue a pardon on Tuesday for former Sheriff Joe Arpaio during his trip to Arizona, White House spokeswoman Sarah Sanders told reporters. Trump had held out the possibility of a pardon for Arpaio, a former sheriff of Maricopa County in Phoenix and an outspoken opponent of illegal immigration.



Los Angeles seeks to join lawsuit over U.S. sanctuary policies

Los Angeles seeks to join lawsuit over U.S. sanctuary policiesThe city of Los Angeles on Tuesday sought to join a lawsuit against the U.S. Department of Justice over federal restrictions on some law enforcement grants to so-called sanctuary cities, according to a court filing. The state of California and city of San Francisco earlier this month filed legal challenges that accused the administration of President Donald Trump of improperly trying to force local jurisdictions to enforce national immigration law by imposing funding conditions. In proposed legal claims filed in Northern California federal court, attorneys for Los Angeles called the Justice Department's proposals "unconstitutional on their face." A judge would have to approve Los Angeles' request to intervene in the existing San Francisco lawsuit.



Missouri governor halts execution to examine questions over DNA

Missouri governor halts execution to examine questions over DNABy Chris Kenning CHICAGO (Reuters) - Missouri Governor Eric Greitens halted the execution of a man scheduled to be put to death on Tuesday for killing a woman during a burglary after his attorneys argued that recent DNA evidence showed he is innocent. Greitens issued the stay of execution for Marcellus Williams, 48, just over four hours before he was scheduled to die by lethal injection in a Bonne Terre state prison for the stabbing death of former St. Louis Post-Dispatch reporter Felicia Gayle during an August 1998 robbery at her home. Greitens said in a statement he would appoint a Board of Inquiry to examine the new DNA evidence and recommend whether he should commute Williams' death sentence.





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