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Surpluses in US states spur pushes for new spending, tax cuts

from Bloomberg

U.S. governors, many flush with surpluses after years of austerity, say they won't make the mistake of overspending as they face re-election in less than nine months. After emerging from an era of cuts, firings and tax increases that sparked clashes in state Capitols, Democrat and Republican leaders said at a conference in Washington, D.C., they're reluctant to make commitments that may hit them with deficits again if the economy stalls. more

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