the greatest depression

Paterson on the Budget Deficit: ‘We Are Going to Need Federal Assistance’

In the face of a projected $47 billion budget gap over the next three and a half years, Paterson has said that he’ll go to Washington to appeal for aid from the House Ways and Means Committee (we saw this coming). On the home front, predictably, lawmakers and Paterson are already pointing fingers over who should announce planned cuts first. [NYT]

Paterson on the Budget Deficit: ‘We Are Going to Need Federal Assistance’