Key facts
- Illinois legislators passed a $56 billion budget.
- The budget is for the fiscal year starting July 1.
- The budget aims to ease health-care and housing costs.
- The state is bracing for potential federal funding cuts.
- A deal for the Chicago Bears stadium was stalled.
Illinois legislators passed a budget of nearly $56 billion for the fiscal year commencing July 1. The state's financial plan is designed to mitigate the impact of increased health-care and housing expenses, while also preparing for potential reductions in federal funding. Concurrently, a proposed deal concerning the Chicago Bears' stadium faced a stall. Shruti Singh, a reporter for Bloomberg, discussed the budget with host Katie Greifeld on 'Bloomberg Real Yield.' The budget's passage occurred early Monday morning.