Steve Kroft reports on the precarious financial conditions many states are facing and what they're doing about it.
Extra: Can New Jersey's Finances Be Fixed?
Can the Garden State's dire financial state be fixed? New Jersey's Governor Chris Christie tells Steve Kroft he is determined to solve the problems.
Extra: How It Got So Bad
New Jersey Governor Chris Christie explains to Steve Kroft how and why states - including his own - have ended up with such severe financial problems.
Extra: New York State's Budget Woes
Richard Ravitch, New York's lieutenant governor, is known as "Mr. Fix It." He tells Steve Kroft about the state's financial problems and how successful the government has been trying to fix them.
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