HONOLULU – Gov. Neil Abercrombie recently met with bond purchasers and major credit rating agencies in Los Angeles and New York to confirm Hawaii’s solid fiscal condition. While meeting with the credit agencies, it was clear to them that the shutdown of the federal government could have serious detrimental effects on the economies for all states. The federal shutdown could also compromise much of the accomplishments that Hawaii has achieved in the past few years emerging from the economic recession.
Gov. Abercrombie stated:
“The State of Hawaii cannot substitute for the federal government nor assume its obligations. However, with the report from the Sequestration Impact Response Team in hand, resources funded this past legislative session, and the readiness of all departments in the administration to respond to the shutdown, we are confident in our ability to address immediate contingencies. It is the clear responsibility of Congress to end the shutdown as quickly as possible and to meet continuously until that is accomplished.”