- By -Staff
- News
“New York State is just beginning to regain its financial strength, but the battle over the federal debt ceiling is creating tremendous uncertainty for the State’s pension fund investments,” DiNapoli said. “Beyond the impact on our pension fund, the failure to act in Washington could have other severe consequences in New York. The potential for higher borrowing costs, cash flow disruptions and a negative impact on bond markets at both the State and local levels are hanging like dark clouds over this debate in Washington.