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IL WARNS OF POSSIBLE PENSION PAYMENT DELAY

Ahead of the sale of $1.35 billion of debt today, Illinois issued a warning to potential buyers that it may not have enough money to make its fiscal 2017 pension payments on time. Illinois, which is now in its second consecutive year without a complete budget, said it may not be able to make the payments when they’re due because the general fund may be too low on cash. (Reuters)

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