Episode Details

What happens when a state spends beyond its means? 

Moody’s and Fitch, two of the three major credit rating agencies, recently moved Washington’s credit outlook from “stable” to “negative.” 

So it turns out that you're not the only one keeping your spending in check and trying to bump up your credit score...

Because states have to worry about that, too. 

Guest: Mike Pellicciotti, Washington State Treasurer 

Related links:

• Moody’s and Fitch revise Washington’s credit outlook down from stable to negative | Washington Research Council
• State treasurer warns Washington credit rating at risk, cites reserves, tax debate | KOMO News
• No, WA isn’t going bust. But falling credit outlook raises red flags | The Seattle Times

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