Minn. Shutdown — Explained In 30 Seconds Or Less

Law360, New York (July 8, 2011, 3:04 PM EDT) -- At midnight on Friday, July 1, 2011, Minnesota’s state government shut down for the second time in six years. The genesis of this shutdown can be traced back to last November when voters simultaneously elected Mark Dayton, a Democratic-Farmer-Labor governor who promised to raise taxes to address the state’s budget deficit, and Republican majorities in the Minnesota House and Senate who promised to cut spending.

The conflict in philosophies between the executive and legislative branches was evident throughout the 2011 regular session of the Minnesota legislature,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.