Illinois Lawmakers Nearing Vote on Makeshift Budget

Illinois legislative leaders hope to vote Wednesday on a new state budget.

The leaders are supposed to meet with Gov. Pat Quinn in an attempt to complete a plan for lawmakers to consider.

They're discussing a version of the budget that would not include a tax increase or the drastic cuts included in an earlier version. Instead, this budget would depend on more borrowing, leaving bills unpaid and other financial maneuvers.

The budget was supposed to be in place by July 1, but has been held up by disagreements over how to close a historic $11.6 billion deficit.

Thousands of state paychecks that are supposed to go out Wednesday will be delayed by the budget gridlock.