States banking big bucks as Fed attempts to fight inflation


              FILE - Minnesota Gov. Tim Walz reviews notes before speaking about the state's budget Tuesday, Dec. 6, 2022, at the Minnesota Department of Revenue in St. Paul, Minn. Minnesota is projecting a record $17.6 billion surplus for the next budget. Walz says the state can afford to provide tax rebates and increase spending on education and infrastructure. (Alex Kormann/Star Tribune via AP, File)
            
              Missouri Treasurer Scott Fitzpatrick displays a $1 bill signed by the former treasurer of the United States on Thursday, Dec. 15, 2022, at his Capitol office in Jefferson City, Mo. Due partly to rising interest rates, Missouri had earned more than $116 million on investments through the first five months of its current fiscal year — nearly double the amount earned the entire previous year. (AP Photo/David A. Lieb)
States banking big bucks as Fed attempts to fight inflation