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S&P warns Chicago schools' B+ credit rating could fall Posted: 01 Sep 2016 02:13 PM PDT S&P Global Ratings warned on Thursday that the Chicago public school system's B-plus credit rating could fall deeper into the junk level due to its "extremely weak" cash position. "Unless (the Chicago Board of Education) achieves what we view as a credible and sustainable long-term solution to its financial pressures while continuing to demonstrate that it can fund its cash-flow needs, further downgrades are possible," the credit rating agency said in a statement. S&P affirmed a B-plus rating for the Chicago Public Schools' (CPS) outstanding general obligation bonds and assigned the rating to $150 million of bonds the district privately placed with J.P. Morgan in late July.

Can Mike Pence fix Trump's problem in Utah? Posted: 01 Sep 2016 01:16 PM PDT Republican presidential candidate Donald Trump's running mate, Gov. Mike Pence of Indiana, is due to visit Utah on Thursday, where the campaign may hope his visit – the first since joining the ticket – can stir up enthusiasm for Trump in a state where it is noticeably lagging. Sen. Mike Lee (R) issued the invitation that brings Pence to Utah: the third annual Utah Solutions Summit, where Pence will speak about higher education.

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