The state already has a projected a $ 4 billion budget shortfall in the coming year and is bracing for additional cuts in federal funds for health care and other services. (nydailynews.com)
The latest version of a plan to repeal and replace the Affordable Care Act is now dead in Congress, but New York Governor Andrew Cuomo remains worried about another potential cut in federal funds to hospitals that he says will blow a hole in the state budget. (wshu.org)
This development coincided with an unprecedented cut in the federal funds rate to near - zero, but these policies have not spurred inflation because of a prevailing deflationary environment. (investopedia.com)