View Full Version : States seeking $1 trillion to 'keep afloat'

01-04-2009, 08:21 PM
States seeking $1 trillion to 'keep afloat'
A group of Democratic governors warned Friday that without as much as $1 trillion in federal assistance, many states will not be able to pay their bills in the next year.

“There are states that are talking as California has of not being able to meet their financial obligations in the coming months,” New York Democratic Gov. David Paterson said on a conference call with reporters. California announced in December that all state employees would be forced to take two days of unpaid leave.

Paterson was joined by fellow Democrats, New Jersey Gov. Jon Corzine, Massachusetts Gov. Deval Patrick, Ohio Gov. Ted Strickland and Wisconsin Gov. Jim Doyle in warning that states across the country will be forced to make drastic budget cuts in the face of unprecedented deficits.
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