Standard & Poor's revised its growth forecast for 2013 on state and local governments to be slightly higher and Fitch Ratings gave most sectors a stable outlook for the year.
S&P: State and Local Government Forecast 'A Little Brighter'
JAN 18, 2013 12:08pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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