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IPFS News Link • Economy - Economics USA

Schwarzenegger: California Faces Insolvency within Weeks

1-15-09 • online.wsj.com/

More imminently, the state is projected to run out of cash in weeks, which may require it to delay tax refunds and other payments starting Feb. 1. "The reality is that our state is incapacitated until we resolve the budget crisis," Mr. Schw

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