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IPFS News Link • Economy - Economics USA

California prepares to stop paying bills on Feb. 1st

1-27-09 • worldnetdaily.com/

Facing a $42 billion budget deficit, State Controller John Chiang told the Sacramento Bee he has already borrowed $21.5 billion to try to cover the state's checks, but by Feb. 1, there will be no more options left but to simply stop paying some o

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Reported By Jack Gregson

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California prepares to stop paying bills on Feb. 1st

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