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Why Washington's credit outlook dropped to 'negative'

What happens when a state spends beyond its means? 

Moody’s and Fitch, two of the three major credit rating agencies, recently moved Washington’s credit outlook from “stable” to “negative.” 

So it turns out that you're not the only one keeping your spending in check and trying to bump up your credit score...

Because states have to worry about that, too. 

Guest: Mike Pellicciotti, Washington State Treasurer 

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