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Oklahoma Hiring Freeze Shows No Letup in Oil States’ Fiscal Pain

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Oklahoma, the fifth-largest oil-producing state, froze hiring and salaries and is considering tapping reserves with crude prices down almost 60 percent since June.

Revenue projections dwindled by more than $300 million from December to February, more than doubling to $611 million the budget deficit that Republican Governor Mary Fallin and lawmakers have to plug for the year starting July 1, state documents show.