California needs federal help

Posted by Rick Orlov on May 28, 2009 5:48 AM | | Comments (0) |

If AIG was too big to fail, how about the world's eighth-largest economy? Associated Press in the Daily News.

In a move with only one modern-day precedent, California Gov. Arnold Schwarzenegger and Democratic lawmakers are pressing the Obama administration and members of Congress for federal loan guarantees to help the state out of a desperate, multibillion-dollar jam.

Categories:

Leave a comment

About The
Sausage Factory

Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

About this Entry

This page contains a single entry by Rick Orlov published on May 28, 2009 5:48 AM.

L.A. gets budget based on hope was the previous entry in this blog.

Next fight in Prop. 8 is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Recent Comments

Powered by Movable Type 4.21-en