Many states appear to be in recession as deficits grow

April 25th, 2008 by GoldSilver | Posted in Economic News |

The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that’s true for the nation as a whole, a survey of all 50 state fiscal directors concludes.The situation looks even worse for the fiscal year that begins July 1 in most states.

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