10 states face financial peril

Dropping tax revenue, rising unemployment and yawning budget gaps are wreaking havoc in states from Arizona to Wisconsin, a new report shows.

By Tami Luhby, CNNMoney.com senior writer

LastUpdated: November 11, 2009: 3:42 PM ET
NEW YORK (CNNMoney.com) — The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other states, a new report has found.

And how state officials deal with their fiscal problems could reverberate across the United States, according to the Pew Center on the States’ analysis released Wednesday.

Tags: budget gaps, CNNMoney.com senior writer, rising unemployment, Tami Luhby