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Pension Woes May Deepen Financial Crisis For States

04:13
Over the past several decades, many states and local governments made pension promises that will be expensive to keep. Now, they're struggling to fund their obligations. (iStockphoto.com)
Over the past several decades, many states and local governments made pension promises that will be expensive to keep. Now, they're struggling to fund their obligations. (iStockphoto.com)

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