This week on The Codcast, CommonWealth Beacon reporter Jennifer Smith talks with Mark Williams, finance lecturer at the Questrom School of Business at Boston University. Now two weeks into the federal shutdown, Williams reviews an already bleak estimate of Massachusetts’s financial health if officials continue on their current spending path. Facing federal cuts, immigration policy changes, and the knock-on effects of the shutdown, Williams warns that the Bay State could be heading for a recession within a year.
Recession
Posted inEconomy
‘No margin for error’: State economic check-in spotlights tricky balancing act
With the “One Big Beautiful Bill” and a state economic lag colliding, Massachusetts budget-writers weigh options to balance the outlook.