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Articles & News from CharlesEdwards
No Matter How Debt Debate Ends, Governors See More Cuts for States
07-15-2011 12:56 am
(New York Times) - The rancorous debate in Washington over whether to raise the federal debt ceiling is alarming many of the nation's governors from both parties, who fear that whatever the outcome, much-needed money will almost certainly be drained from their states.
If the federal debt limit
is not raised, several governors said as they gathered here on Friday for the
semiannual meeting of the National Governors Association, the ensuing default
will harm the economy, make it difficult for states to borrow money and delay
some of the vital federal payments that states count on for everything from
Medicaid to unemployment benefits.
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