States and Localities at Risk From Supercommittee, Kurtter Says
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State and local governments face the risk of U.S. funding cuts by the supercommittee charged with shrinking the federal budget deficit, said Robert Kurtter, managing director for state and regional credit ratings at Moody’s Investors Service.
“Moody’s is now seeing more risk because we know the downsizing is coming and it will affect localities,” Kurtter said today at the Bloomberg State and Municipal Finance Conference in New York.