Banks Flee Chicago $1B Debt Sale Brandon Johnson's Budget In Freefall

Chicago Mayor Brandon Johnson is trying to offload a billion dollars in city-owned debt — and he can't find anyone to take it. Only two banks responded to the city's request for proposals, Bank of America walked, and the whole scheme is now putting $90 million in Chicago's 2026 budget in serious jeopardy. The collateral? Unpaid tickets. The pitch? "Trust us." The response from Wall Street? Hard pass.This is what happens when a progressive mayor runs a major city like a campaign promise instead of a balance sheet. Fitch downgraded Chicago's credit rating, the city council approved the debt sale over Johnson's own objections, and aldermen are now accusing each other over who cooked up this mess. Sean walks through the Fitch downgrade details, the structural deficit driving it, and what it tells you about the difference between cities that tax-and-spend their way into a corner versus states like Texas that are running surpluses.The kicker: Chicago's structural problem isn't a revenue problem — it's an expenses-exceed-revenue-every-single-year problem that one-time pandemic relief papered over for a few years. Now that the Fauci money is gone, the bill is due and the banks aren't interested.Subscribe to @reasonablenews for daily coverage of the stories the mainstream press buries.#NFRP #Chicago #BrandonJohnsonGO PREMIUM WITH REASONABLE+ FOR UNCENSORED ACCESS 🌟https://ReasonableTV.com/🛍️ MERCH - https://Store.ReasonableTV.com/💬 JOIN our FREE Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop: https://discord.com/invite/uJGWFpgDcY👍🏼 SMASH that LIKE button & SUBSCRIBE for daily videos that dive into the latest news! https://youtube.com/c/NewsForReasonablePeopleSTAY CONNECTED:🔗 Rumble - https://Rumble.com/c/NewsForReasonablePeople🔗 Facebook - https://www.Facebook.com/NewsForReasonablePeople🔗 iTunes - https://Apple.co/2MkFziJ🔗 Spotify - https://Spoti.fi/2Dh8EoL