Medicaid, state jobs, infrastructure hit
(NEWSER) - The final three months of 2011 saw states, cities, and school districts making their biggest spending cuts in a decade, USA Today reports. Spending dropped 1.6% from the same period the year before, plummeting by $26 billion. The result: States are seeing their smallest shortfalls in years, and in some cases they're even seeing surpluses. The cuts' biggest targets were Medicaid; public-sector jobs, which were cut by 3.4% since August 2008; and infrastructure spending, which dropped 4% in 2010 and 2011. More»
