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« Now We Can Read the Stimulus Bill | Main | One Bright Spot in the Bailout--Commerical Paper »

February 17, 2009

Kansas and California Short on Cash

Kansas and California have suspendend tax refund checks and appear to be unable to met their state payrolls. http://www.kansas.com/735/story/701750.html They are desperate for cash and can no longer borrow, even against healthy accounts.  This all comes after the passage of the Obama stimulus bill that promises them extra cash.  Several other states are in similar budgetary straights; they just have a better cash flow.

February 17, 2009 | Permalink

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