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Florida's Budget Squeeze

Wednesday, 2 Mar 2011 | 3:15 PM ET

Florida's $3.6 billion budget deficit is putting a big squeeze on the Sunshine State. Gov. Rick Scott (R-Fla.) says it's unlikely he will take Federal funds for a high-speed rail system because he believes the state would be responsible for cost overruns. In fact, he says expanding the ports would be a better use of that money.