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Posted inMoney

Will S&P downgrade of US credit rating affect states?

As financial experts examine the impact of the weekend downgrade of the federal government’s credit rating, ranging from the reaction of foreign markets to the effect on mortgage rates, states also are wondering whether they will be adversely affected as well, John Gramlich says at And the answer isn’t clear. Moody’s Investors Service warned […]

Posted inNews

With other issues pressing, Congress has more debt debate ahead

WASHINGTON–With a debt deal done and default averted, Congress can move on to other pressing issues now, right? There’s certainly a crushing legislative agenda awaiting lawmakers when they return from their August break: Rewriting No Child Left Behind. Finalizing a multi-year transportation bill. And finding a long-term fix, instead of an emergency patch, to keep […]

Posted inNews

Study: Connecticut one of few states spending above pre-recession levels

Connecticut is one of just seven states that has elevated spending above the levels budgeted before the recent recession, after adjustments for inflation and federal assistance are made, according to a recent study by a nonprofit fiscal policy think-tank. But the Washington, D.C.-based Center on Budget and Policy Priorities also reported that Connecticut has made […]