Cities And States May Throw A Wrench Into The RecoveryGene Koretz
Economists who are forecasting a ro bust recovery in the months ahead might do well to ponder the parlous fiscal condition of U. S. states and cities. Recent surveys show that 28 states and over half of the nation's cities are spending more than they take in. These include such headline-grabbers as California, which is facing a $ 13 billion in budget shortfalls, and New York State and New York City, which are attempting to close projected budget gaps of $6 billion and $ 3 billlion, respectively.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The U.S. Drops Out of the Top 10 in Innovation Ranking
- Here’s What Trump’s Tariffs on U.S. Imports Are Doing to Markets
- Musk's New Pay Deal Could Make Him the World's Richest Man—If Tesla Succeeds
- Trump's Tariffs on Solar Mark Biggest Blow to Renewables Yet
- This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again