"If states don't get this aid, they will be cutting payrolls very aggressively and it is a serious threat to the recovery," Mark Zandi, chief economist at Moody's Analytics, told the Associated Press.
Senate rejects more stimulus funding →
"I would not allow those tax increases to take hold on Jan. 1, either," Mr. Zandi, chief economist at Moody's Economy.com, said in an interview on PBS on Thursday. "I think the economy's too fragile for that."
GOP sees winning call in tax break for all →