"It does represent a significant improvement in the financial position than that which faced the state in fall," said Warren G. Deschenaux, the Assembly's chief budget analyst. "By no means can we say the problem is completely resolved, but I think it is easier to envision a happier ending for the general fund than there was six months ago."
Mr. Deschenaux added that if federal officials do not raise the debt limit or come up with a limited agreement, the state would be in much greater danger of losing its top rating or suffering other ill effects.
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