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News stories tagged with "fiscal-crisis"

Gov. David Paterson spoke to a capacity crowd in Watertown.
Gov. David Paterson spoke to a capacity crowd in Watertown.

Paterson says 2009 "year of bad medicine"

Coming off his first State of the State address, Governor David Paterson is taking his prescription for the state's $15.4-billion deficit on the road. The first stop on his Upstate tour was last night at the North Side Improvement League in Watertown. His message to the packed house of 400 people was as grim as it was simple: 2009 will be "the year of bad medicine" for New York State. Paterson offered little new from previous speeches. But as David Sommerstein reports, his frankness appeared to win the crowd.  Go to full article

Lawmakers Defend Three Men In A Room Process to Balance Budget

Governor Pataki and legislative leaders conducted the just completed state budget, mostly in secret. Lawmakers say the return to three men in a room was necessary because New York faces a fiscal crisis. Karen Dewitt reports.  Go to full article

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