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Wintrust Business Minute: Financial outlook for Chicago is now negative, per Fitch Ratings

 
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Manage episode 485597597 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The financial outlook for the City of Chicago has been changed to negative by Fitch Ratings. In its revision, Fitch says there’s been a lack of meaningful progress in closing a nearly $1 billion structural budget gap. The agency has suggested Chicago could face a future downgrade unless it stabilizes its finances. Fitch says the situation could be made worse if the city loses any part of the $3 billion in federal funding currently at risk. Losing that funding could force the city to deplete its reserves or come up with short term fixes.

Also, United Airlines travelers will soon have less time to check in for their flights. Listen for more below:

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Lisa Dent

  continue reading

102 episodes

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iconShare
 
Manage episode 485597597 series 3035618
Content provided by wgnradio.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by wgnradio.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

The financial outlook for the City of Chicago has been changed to negative by Fitch Ratings. In its revision, Fitch says there’s been a lack of meaningful progress in closing a nearly $1 billion structural budget gap. The agency has suggested Chicago could face a future downgrade unless it stabilizes its finances. Fitch says the situation could be made worse if the city loses any part of the $3 billion in federal funding currently at risk. Losing that funding could force the city to deplete its reserves or come up with short term fixes.

Also, United Airlines travelers will soon have less time to check in for their flights. Listen for more below:

Recent Posts

Lisa Dent

  continue reading

102 episodes

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