August 12, 2011 6:44 AM

Federal debt deal's impact may be felt by state budget writers

The federal debt debate that has divided Congress and disrupted financial markets could affect state budget writers next. The debt deal in Congress includes between $2.1 trillion and $2.4 trillion in cuts over the next decade, which could trickle down to states like Florida, where federal spending remains the state budget’s largest source of money.

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