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Month: September 2017

Pa. budget impasse leads to credit downgrade

Posted on September 20, 2017December 3, 2019

HARRISBURG — As the budget deadlock in the Capitol drags on, a credit rating agency on Wednesday delivered a hard fiscal punch to Pennsylvania: a credit downgrade. Standard & Poor’s lowered Pennsylvania’s bond rating a notch, citing the state’s out-of-balance budget, its more than $2 billion deficit, and its reliance on one-time financial fixes in […]

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