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Most U.S. states lack reserves to weather next recession: S&P
2:14pm, 17th September, 2018

Most U.S. states lack reserves to weather next recession: S&P

While U.S. states' financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.