All Entries Tagged With: "financial meltdown"
California Nears Financial “Meltdown,” Schwarzenegger Threatens To Shut Down Government
California’s government is 50 days away from a financial “meltdown” if Governor Arnold Schwarzenegger and lawmakers fail to close the $24.3 billion budget gap. But Schwarzenegger would rather see the government screech to halt than agree to a high-interest loan.
Controller John Chiang warned of the coming crisis Wednesday:
Underscoring the severity of California’s cash crisis, Controller [...]
Senate Wants $5M To Study Financial Crisis
The Senate has agreed to spend $5 million to investigate the cause of the economic crisis as it moves toward passing a $245 million bill that would substantially increase the number of FBI agents and prosecutors working mortgage fraud.
The legislation is aimed at showing voters that lawmakers are serious about getting to the bottom of [...]
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