California nears financial "meltdown" as revenues tumble - Reuters





Telegraph.co.uk

<img alt="" height="1" width="1" /&gt;California nears financial "meltdown" as revenues tumble

Reuters

By Jim Christie SAN FRANCISCO (Reuters) - California's government risks a financial "meltdown" within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, ...

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