Many States Are Likely Unprepared For Next Downturn

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Many U.S. states have been gradual to enhance their funds 9 years into the financial enlargement. That raises a threat they gained’t be ready when one other downturn hits, making them inclined to large spending cuts that make that subsequent recession worse.

State governments have been grappling with tepid income progress and heavy pension and Medicaid prices.

In…



Supply hyperlink – https://www.wsj.com/articles/many-states-are-likely-unprepared-for-next-downturn-1531073292?mod=pls_whats_news_us_business_f

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