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Fiscal cliff agreement unlikely before friday

Source: louisianaradionetwork.com - Jan 16, 2018

Reports indicate that it is increasingly unlikely that House legislators and Governor John Bel Edwards will come to a fiscal cliff agreement before a Friday deadline. The deadline was set by the Governor, who was hoping to enter into a February special session with an agreement in principle to fill the one billion dollar budget shortfall. Edwards says delaying the fiscal cliff decision could be damaging.

“It just adds to the instability, it’s going to get credit agencies to cast a negative eye on Louisiana which costs us more money to service the debt we already have.”

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Category: General Business