Wisconsin to Skip Debt Payments to Make Up for Walker’s Tax Cuts
Wisconsin Gov. Scott Walker attends a news briefing during the Republican Governors Association's quarterly meeting on May 21, 2014 in New York City.
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Wisconsin Governor Scott Walker, facing a $283 million deficit that needs to be closed by the end of June, will skip more than $100 million in debt payments to balance the books thrown into disarray by his tax cuts.
The move comes as Walker, 47, mounts a 2016 bid for the Republican presidential nomination, and while his state is under stress from a projected shortfall that could exceed $2 billion in the two-year budget beginning in July.