Connecticut

Trump drew first blood this morning in what appears to be a growing twitter feud with Connecticut's Richard Blumenthal when he called the Senator a "phony Vietnam con artist." Within an hour, Blumenthal launched a counter strike calling Trump a "bully."  It had all the makings of a heated 1st grade-ish Battle Royale.

But, Trump has just taken things to a whole new level with the following tweet which seemingly confirms that the President is now locked in his first official Twitter War.

Just an hour after being attacked by President Trump in an early morning tweet storm, Senator Richard Blumenthal of Connecticut has now responded with a few snarky jabs of his own. 

"Mr. President: Your bullying hasn't worked before and it won't work now. No one is above the law."

 

"This issue isn't about me - it's about the Special Counsel's independence and integrity."

With Illinois facing a Friday night deadline by which it has to come up with its first fiscal budget in three years or face a downgrade to junk resulting in what a policymaker called a "death spiral", another mini drama is taking place in Connecticut, which is also facing big budget problems as wealthy residents, hedge funds and major corporations flee the state's high taxes and its fiscal future gets murkier by the day.

While the public's attention is keenly focused on whether Illinois will reach a budget deal in the next 2 days ahead of the next fiscal year which begins on July 1, avoiding the first ever downgrade to junk for a US state as the state piles up some $15 billion in unpaid bills and now oews more than $800 million in interest on the unpaid balances alone, the financial peril facing Connecticut is just as dire.

Connecticut’s general-obligation bonds are riskier than ever as plummeting income-tax collections and a $2.3 billion budget deficit moved all three credit rating companies to downgrade its debt.