States of Crisis for 46 Governments Facing Greek-Style Deficits

States of Crisis for 46 Governments Facing Greek-Style Deficits

By Edward Robinson - Jun 25, 2010
Californians don’t see much evidence that the worst economic contraction since the Great Depression is coming to an end.
Unemployment was 12.4 percent in May, 2.7 percentage points higher than the national rate. Lawmakers gridlocked over how to close a $19 billion budget gap are weighing the termination of the main welfare program for 1.3 [...]

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