Borrowing from Fed has long-term economic consequences for failing states: Reports

Many states have faced budget strains for years, which became exacerbated by stay-at-home orders causing economic shutdowns, high unemployment and significant loss of tax revenue. Some states fared worse than others and have looked to the federal government for help.

Several studies by the personal finance site WalletHub and the nonprofit education organization Truth in Accounting, among others, show that states with fewer restrictions were in better economic conditions.