A major ratings service has downgraded Maine's bond ratings.
Fitch has lowered Maine's $472 million in general obligation bonds from AA+ to AA.
$1.4 billion of the Maine Municipal Bond Banks's general resolution bonds have been lowered from AA- to A+.
Fitch says the state's persistent budget gaps are the reason for the downgrades.
A lowered bond rating can mean having to pay higher interest rates.
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Workers searched through what was left of Plaza Towers Elementary School, which was demolished by the tornado in Moore, Okla. As Anna Werner reports, in many neighborhoods, there isn't much left to salvage; Also, although neighborhoods were destroyed by Monday's tornado, the community of Moore, Okla., has come together; And, around 60 people were still hospitalized Tuesday with injuries they sustained when the tornado plowed through Moore, Okla. Scott Pelley talks to Dr. David Hogan, who helped treat many of the patients who were rushed to his hospital Monday night.
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David and Anna Friess lost almost all of their possessions in Monday's tornado, but they could have lost more, if not for a last-minute decision; Also, a tour of neighborhoods in Moore, Okla., reveals many homes weren't just damaged by Monday's massive tornado - they were destroyed; And, one resident of Moore, Okla., lost her home to a tornado for a second time Monday.
The twister that plowed through Moore, Okla., injured more than 300 people and caused at least 24 deaths ; Also, a third-grade teacher at Plaza Tower Elementary School in Moore, Okla., did everything she could to save her students; And, Glenn Lewis, the mayor of Moore, Okla., was there in 1999 when another tornado devastated the city. He speaks to Scott Pelley about how the town will rebuild following Monday's disaster.
After nearly 24 hours of searching, fire chief said he was confident there were no more bodies or survivors in the rubble
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