State Fiscal Health in the Midst of the Crisis States are de…

State Fiscal Health in the Midst of the Crisis
States are dealing with severe financial pressures stemming from the unmatched self-imposed financial freeze, with numerous rapidly depleting rainy day funds. To assist states and towns avoid the immediate repercussions of the plunge in tax income, the Federal Reserve is acquiring massive amounts of state and regional financial obligation. The federal government has stepped in to help with the dive in state health care spending.