Illinois Closer to Ending Record-Long Budget Impasse

The transcript discusses the budget crisis in a US state, highlighting the legislative actions taken to avoid a downgrade to junk status. The House passed budget bills, which were vetoed by Governor Rauner. The Senate overrode the veto, and the House is expected to attempt an override. Ratings agencies like S&P and Fitch praised the legislative progress but warned of downgrade risks without an enacted budget. The governor criticized the budget as unbalanced and sought structural reforms, including a property tax freeze and changes to workers' compensation laws.

What was the outcome of the Senate's vote on the budget bills?

What are some of the structural reforms the governor wanted to include in the budget?