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State and local cuts slow U.S. economy, warn economists
A Friday GDP revision shows sharper state local spending cuts dimming growth as 2010 revenue gaps widen. Governors led by Republicans push aggressive reductions in health, education and welfare programs, while Wisconsin eyes curbs on collective bargaining. Federal aid withdrawal deepens state deficits, threatening jobs and public services.
MENTIONED IN THIS ARTICLE
Washington
U.S
Florida
New York State
Joel Naroff
Naroff Economic Advisors
Brookings Institution
Andrew Cuomo
New York
Jerry Brown
California
Maryland
Martin O’malley
Democratic Governors Association
Barack Obama
Joe Biden
White House
Wisconsin
Scott Walker
Congress