A Cool, Interactive Chart of State Budget Gaps

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Think your state has the most screwed up budget in the Union?  Use this interactive chart to find out where your state’s budget shortfall really stacks up! Source: Wall Street Journal Related reading: Governator puts 200,000 CA state employees on minimum wage Why many states are on the brink of insolvency

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Municipal bond yields continue to “break out” as investors are (finally) coming to the realization that local governments, which lack their own printing presses, may have problems making good on their outstanding debt.  The Financial Times reports: The sharpest swings in the muni market have been seen in the $100bn so-called “Build America bonds” – […]

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