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Tag: California Budget Crisis

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Flickr/Tim Pierce, Los Gatos

The Lowdown on the Calif. Meltdown

California is still hoping Washington will help out with its Hollywood drama of a budget crisis, but the Obama administration is playing hardball, even though the meltdown of the world’s eighth-biggest economic power could have serious repercussions for U.S. and world financial markets. With public services and the state’s welfare program on the chopping block, something’s gotta give.

Posted on Jun 16, 2009 READ MORE


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