Photo: #From left to right: Minnesota Management and Budget Commissioner Tom Hanson, State Economist Tom Stinson and state budget director Jim Schowalter delivered Minnesota's bad news: the state is facing a nearly $5 billion budget deficit, and will likely lose twice as many jobs in the coming year as it has since the recession began a year ago.

State legislators prepare to battle red ink

Broadcast: Midmorning, 12/05/2008, 9:06 a.m.

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St. Paul, Minn. — Minnesota is facing a projected budget deficit of more than $5 billion over the next two and a half years.

Midmorning talks with two state legislators about the options on the table to balance the budget during the next legislative session.

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