03/10/2010 - [Transcript] Illinois Gov. Pat Quinn, facing a $13 billion budget deficit, challenged lawmakers to raise taxes or face a 17 percent cut in school funding.
The Pew Center on the States says Illinois is among the 10 most financially stressed states in the country. Nationwide, states have faced $304 billion in red ink since the recession began.
To watch the video, "Budget Crunch Leaves States in the Red," visit msnbc.com.