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July 06 02:25 PM

Moody's Investors Service Raises Outlook on Louisiana State's Credit to Stable

"This is good news, but we have much more work to do to implement structural reforms to our budget," said Treasurer Schroder. "The fiscal cliff was mainly solved on the revenue side, now it's time to get to work on the spending side of the problem.
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July 13 12:02 PM
This challenge is compounded by the closure of many rural banks. Larger banks often buy smaller banks, then close branches in more rural markets. There are now 625 rural counties in the country without a community bank. There are 37 counties without a single bank, and 115 counties served by just one bank.
July 13 12:02 PM
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