News

Wolf says time running out on budget deal before downgrade

Written by The Associated Press | Sep 19, 2017 10:42 AM
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FILE PHOTO: Gov. Tom Wolf speaks with members of the media during a news conference at the Capitol. (AP Photo/Matt Rourke)

(Harrisburg) -- Democratic Governor Tom Wolf says the state government has less than two weeks to end a budget stalemate before the commonwealth's battered credit rating gets another downgrade and he must delay more payments for lack of cash.

Wolf says he believes leaders of the House and Senate Republican majorities are on board with getting a deal done and signed by October 1.

The governor made his comments during regularly scheduled appearances on KDKA-AM and KQV-AM in Pittsburgh.

With cash running low, Wolf has delayed $1.7 billion in payments while state lawmakers quarrel for a third month over patching a projected $2 billion-plus deficit in a $32 billion budget bill they passed June 30.

The governor says credit rating agency Standard and Poor's is giving his administration and lawmakers more time to get a budget deal.

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