Moody's outlook for Minnesota bodes ill for state
Minnesota's state budget officials watch with concern the actions of a key investor ratings service. Moody's has issued a warning of sorts by lowering the state's economic outlook from stable to negative. Moody's says it was concerned by Minnesota's low reserves and the short term budget fixes.
MPR's Cathy Wurzer spoke about Moody's latest assessment of Minnesota's economic and financial situation with Louis Johnston, an economist from St. John's University and St. Benedict.
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