Moody's cuts California's rating
• ReutersMoody's cut its rating on Tuesday on about $72 billion of California's
debt to near junk status, citing the state's budget crisis, but a top
lawmaker said a deal to close a $26.3 billion gap was near.
Moody's cut its rating on Tuesday on about $72 billion of California's
debt to near junk status, citing the state's budget crisis, but a top
lawmaker said a deal to close a $26.3 billion gap was near.
