A budget stalemate in Connecticut continued as the General Assembly ended its session at midnight on Wednesday without passing a spending plan. The Democratic-controlled legislature and Republican governor remained at odds over how to close a budget gap for the fiscal 2010-2011 biennium.

Gov. M. Jodi Rell has called for deep spending cuts and no new taxes while the legislators have proposed a different set of cuts and tax increases on wealthy residents.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.