Pennsylvania

Wolf says time running out on budget deal before downgrade

HARRISBURG, Pa. - Pennsylvania Gov. Tom Wolf said the state government has less than two weeks to end a budget stalemate before the state's battered credit rating gets another downgrade and he must delay more payments for lack of cash.

Wolf, a Democrat, said Tuesday morning that he believes that leaders of the House and Senate Republican majorities are on board with getting a deal done and signed by October 1.

With cash running low, Wolf has delayed $1.7 billion in payments while state lawmakers quarrel for a third month over patching a projected $2 billion-plus deficit in a $32 billion budget bill they passed June 30.

Wolf said credit rating agency Standard and Poor's is giving Wolf and lawmakers more time to get a budget deal.


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