Massachusetts Gov. Deval Patrick announced on Wednesday more than $1 billion in cuts and spending controls to rein in a budget shortfall t
hat threatens to balloon to $1.4 billion in fiscal 2009.
"With the economy slowing and state revenue declining, we have to act," Patrick said in a statement that did not include details on a plan by Patrick reported in The Boston Globe newspaper to eliminate 1,000 state jobs.
Source: EconomicTimes
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
No comments:
Post a Comment