Thanks to belt-tightening, states are in the best shape they’ve been in since the 1980s. The fat they’ll need to absorb from unfunded federal programs, though, could weigh them down.
Adam M. Zaretsky
It’s been said that statistics are like a bikini. What they reveal is suggestive, but what they conceal is vital.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.