Connecticut Lawmakers Approve Budget That Rescues Hartford
- City’s bonds gain as aid eases the risk of default, bankruptcy
- Senate, House approve it with enough support to override veto
Why Connecticut's Budget Is in Crisis
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Connecticut lawmakers ended a four-month impasse over the budget by approving steps to close the state’s $3.5 billion deficit and provide nearly $50 million keep Hartford from collapsing into bankruptcy.
The House of Representatives and the Senate both passed the spending bill Thursday with enough support to ensure it won’t be struck down by Governor Dannel Malloy.