Expert analysis on CNBC’s Power Lunch from former New York Lieutenant Governor Richard Ravitch who together with former Fed Chief Paul Volcker formed the State Budget Crisis Task Force to  pinpoint.. Read more

While the fiscal picture is brightening around the country, with many states expecting surpluses this year after years of deficits and wrenching budget crises, mounting Medicaid costs and underfunded retirement.. Read more

The Daily Ticker’s Aaron Task talks with Richard Ravitch, co-chair of the State Budget Crisis Task Force and former Lt. Governor of New York about the fiscal challenges states are.. Read more

Soaring Medicaid costs, woefully underfunded pension and health care benefits for state workers, eroding tax bases. All of these growing state liabilities will only worsen, if left unaddressed. And more.. Read more

A new task force led by former New York Lieutenant Gov. Richard Ravitch and former Federal Reserve Chairman Paul Volcker warns of calamity for states if they continue on their.. Read more

Yet another prestigious group suggests that Illinois is headed for fiscal calamity if it can’t somehow figure out how to reverse long-term and deepening budget woes. This time, the bad.. Read more

A devastating new report by a task force of major fiscal experts has confirmed what should be no secret: New York is at the top of the tax-and-spend heap. Which.. Read more

WASHINGTON (AP) — U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as law enforcement, local schools and transportation, a report.. Read more

PBS NewsHour highlights the State Budget Crisis Report with an interview with co-chair Richard Ravitch (Starting at 4:42).
To access the video go to: http://video.pbs.org/video/2257016693

The report, released Tuesday by former Federal Reserve Chairman Paul Volcker and former New York Lt. Gov. Richard Ravitch, advised states to make drastic changes to financial practices, including increasing.. Read more