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Bonds News

Illinois' pile of unpaid bills reaches record $14.3 bln

CHICAGO, May 17 (Reuters) - Illinois’ unpaid bill backlog, a barometer of the state’s deep financial woes, hit a new record high of $14.3 billion, as the legislature nears the May 31 end of its session without a budget deal, the state comptroller’s office said on Wednesday.

The bill pile jumped from $13.3 billion after the governor’s budget office this week reported more than $1 billion in liabilities held at state agencies, the comptroller said.

Reporting By Karen Pierog; Editing by Chizu Nomiyama

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