The financial crisis in California grew worse this week as state controller John Chiang warned that if legislators and Governor Arnold Schwarzenegger fail to come up with a budget-balancing package, he would begin paying California’s bills with IOUs on July 2.
Tag Archives: revenues
Two Cheers for 2011: Expectations in Politics, the Economy
2010 was a tough year, not just for Barack Obama, not just for America, but for the West.
New Ford Figo Aims to Crash the India Market
As the only U.S. car manufacturer that didn’t need a government bailout, Ford Motor was in better financial shape than its peers to ride out the recession.