State view of federal debt debate

With the August 2 deadline less than a week away before the federal government reaches its debt limit, state budget officials across the country are preparing for the potential impact on state budgets depending on what Congress and the President agree (or don't agree) to. According to at least one state budget director, there will be "no happy endings" for states regardless of what occurs. Washington's budget director, Marty Brown, however, is a little more optimistic . . . READ MORE