Budget crunch leaves state in the red
March 10, 2010
NBC Nightly News - Online edition
This news segment from “NBC Nightly News With Brian Williams” is about the deleterious effect that Illinois’ fiscal problems are having on school districts across the state. In an interview, Civic Federation President Laurence Msall explains that Illinois meets the classical definition of bankruptcy in that it is not paying its bills on time as they come due.