Despite a steady revenue recovery, U.S. states are bracing for continued budget austerity given the current economic uncertainty and federal fiscal concerns. In this CreditMatters TV segment, Standard & Poor's Managing Director Robin Prunty discusses the economic, budgetary, and revenue performance for U.S. states and what the key credit issues will be heading into fiscal 2013. Topics include the fiscal and policy headwinds facing states as they begin budget deliberations, federal fiscal concerns, and the states' overall stable credit performance.
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