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IPFS News Link • Economy - Economics USA

Gov. Arnold Schwarzenegger: California will run out of cash in 14 days

06-02-2009 • bizjournals.com/pacific/

“California’s day of reckoning is here,” he said. With no action, the state will run out of cash in 14 days. Three months after the state budget was approved, California faces a $24 billion deficit.

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Reported By Jack Gregson

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1 Comments in Response to Gov. Arnold Schwarzenegger: California will run out of cash in 14 days

Comment by William1950

Entered on: 6/2/2009 8:31:18 PM

What the hell, after the billions to the banks, insurance and car makers what's fifty billion to a state that can't understand economics any better the the new administration.

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