N.J. Gov. Murphy Says State Needs 'Revenue Raisers' to Balance Budget

The transcript discusses the urgent need for direct federal cash assistance due to the economic crisis exacerbated by COVID-19. It highlights the role of the federal government in providing aid, the challenges of balancing state budgets, and the necessity of borrowing and revenue-raising strategies. The discussion also emphasizes the shared national challenge and the importance of solidarity among states.

What does the speaker suggest will be necessary to balance the budget?

How does the speaker describe the current situation faced by New Jersey and other states?