Washington Treasurer James McIntire published an open letter to lawmakers Wednesday asking them to quickly pass cuts to balance the budget for the current fiscal year.

A failure to do so could result in downgrades, leading to higher borrowing costs at a time when the state is also facing limited bonding capacity, McIntire wrote.

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.