For the first time in history, a state might file for bankruptcy protection.
That's what happens when you operate three years without a budget.
Illinois has a full-fledged financial crisis on its hands. Not even the lottery is safe.
Republican Gov. Bruce Rauner went so far to say Illinois is entering "banana republic" territory.
With billions in unpaid bills and pension obligations, the state has a cash crunch, the likes of which has never been seen.