Federal Default Could Knock NY For $2B Loop, Cuomo Warns

By Pete Brush (October 9, 2013, 2:14 PM EDT) -- A default on the federal debt triggered by political wrangling in Washington could blast a $2 billion hole in New York's tax base, Gov. Andrew Cuomo warned Wednesday, adding that state borrowing costs could escalate in the bond market and that neither private job growth nor key infrastructure projects would be spared the pain....

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