States struggle to balance budgets
June 29, 2010
American Public Media’s “Marketplace” - Online edition
This National Public Radio segment is about how some states are struggling to cope with massive budget deficits. Civic Federation President Laurence Msall says Illinois’ fiscal troubles – 30 years in the making and rooted partially in the State’s underfunded public pension system – are causing the State to delay payments to service providers and schools and its bond ratings to fall.