Monday, June 28, 2010

46 States Face $112 Billion Budget Deficit

From the Bloomberg article, "States of Crisis for 46 Governments Facing Greek-Style Deficits" by Edward Robinson:
Forty-six states face budget shortfalls that add up to $112 billion for the fiscal year ending next June, according to the Center on Budget and Policy Priorities, a Washington research institution. State spending is 12 percent of U.S. GDP.
Read the entire article here.

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