On the recordApril 13, 2011
The fiscal crisis at the State and local level has many causes. The proximate cause is the significant economic recession, from which the U.S. economy still struggles to recover.
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congress.govAndy Biggs: “The fiscal crisis at the State and local level has many causes. The proximate cause is the significant economic…”
Editor's note · Context
Biggs agrees that the recession is a key cause of state fiscal crises.
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