Inside these posts: State of Illinois. Illinois debt

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Illinois pursuing disclosures on state debt

Illinois politicians are reviewing whether to follow in California’s footsteps by forcing its bond underwriters to disclose what credit derivatives they have entered into on the state’s debt.

Staff members working for Illinois House of Representatives Speaker Michael Madigan reached out to California officials on Wednesday for information about how the Golden State has gone about improving disclosures relating to credit default swaps on its own state debt. Get the full story »