Connecticut Gov. M. Jodi Rell yesterday proposed slashing spending, cutting capital borrowing, and using budget reserves and deficit financing to close a projected $6 billion gap over the next two years.

"The harsh winds of economic turmoil have spread across the nation and now buffet nearly every aspect of our lives," Rell said in a speech before the legislature. "The economic challenges we are facing give us a rare opportunity to realign state government."

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