N.Y. Gov. Ends Deficit Negotiations

In the latest episode of Albany's failure to address a worsening state deficit, Gov. David Paterson on Monday declared negotiations with the Legislature have ended.

He angrily stated that lawmakers' "last, best offer" of a $2.8 billion package falls far short of what's needed to fill a deficit of more than $3.2 billion.

Meanwhile, legislative leaders emerging from the same closed-door negotiations say progress is being made and a deal with Paterson that would avoid midyear school aid cuts could be final...

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