Tuesday, August 2, 2011

California Gets Advanced Loan Just in Case Interest Rates Spike Over Debt Deal

Nobody knows exactly what's going to happen if lawmakers and President Obama don't get a deal "done done" by Tuesday's deadline, but just in case federal funds stop flowing to the states, California has borrowed $5.4 billion to make sure it can cover health care programs, transportation and other services.


Source: http://feeds.foxnews.com/~r/foxnews/politics/~3/HVBdKiVavG0/

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