NYC

Paterson Proposes Billions Of Dollars In Cuts To Fight $50 Billion Deficit

03/18/2010 05:12 am ET | Updated May 25, 2011

Gov. David A. Paterson proposed billions of dollars in spending cuts on Thursday and raised alarms about New York's financial health as the state faces a deficit of nearly $50 billion over the next three and a half years.

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