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.