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  Related links: Moody’s and Fitch revise Washington’s credit outlook down from stable to negative | Washington Research Council State treasurer warns Washington credit rating at risk, cites reserves, tax debate | KOMO News No, WA isn’t going bust. But falling credit outlook raises red flags | The Seattle Times Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.See omnystudio.com/listener for privacy information.