Gov. Paterson fighting to keep New York solvent in face of Wall St. struggles

Wall Street’s woes have been well reported and as the White House looks to cap executive salaries and denounces bonuses, the nation has been keeping an eye on New York’s financial center. But as earnings on Wall Street suffer, so does the budget of New York State. With a deficit of 1.6 billion looming, Governor David Paterson is fighting to keep the state solvent. He joins us now to talk about New York’s efforts to survive the fiscal crisis.