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Gov. Patrick Outlines Deep Budget Cuts

Massachusetts is feeling the effects of Wall Street's financial crisis.

Colleges and hospitals in the area say they're paying more in interest on their bonds and that means jobs and expansion projects are at risk.

The Massachusetts Turnpike Authority's debt rating has been downgraded and that has pike board members saying a toll increase will be here sooner.

And Governor Deval Patrick is working on "hundreds of millions" of dollars in budget cuts, that he'll outline later this month.

Governor Patrick joins us now to talk about the state's financial picture and explain how the state will get through it.

This program aired on October 3, 2008. The audio for this program is not available.

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