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IPFS News Link • Economy - Economics USA

California Leads Nation to Bond Default Abyss: Kevin Hassett

06-02-2009 • Bloomberg.com

Maybe the state borrowed money from China for two years back in 2007 and now has to borrow again to give the Chinese their money back. What happens if, seeing the catastrophic budget situation, lenders decide to shun California altogether?

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Reported By Jack Gregson

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California Leads Nation to Bond Default Abyss: Kevin Hassett

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