Monday, July 2, 2012

Miller Issues June Economic Report

State Treasurer Ken Miller released his June Economic Report over the weekend.

Miller says in the report:
"States have less than six months to prepare for the first set of consequences of Washington’s inability to reach agreement on reducing the national debt. The last battle over raising the federal government’s debt limit resulted in the Budget Control Act of 2011 that mandates $1.2 trillion in spending cuts over 10 years, beginning January 2013.

"One likely place federal spending will be reduced is in payments to state governments for operation of mandated programs."
Click here to read the full report 

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