iOS app Android app

California Bailout

California Needs Multi-Billion Dollar Bailout From Federal Government

Wall Street Journal | STU WOO and JIM CARLTON | Posted 05.25.2011 | Los Angeles

Republican Gov. Arnold Schwarzenegger asked for $6.9 billion in federal funds in his state-budget proposal Friday and warned that state health and wel...

Will California Become America's First Failed State?

The Observer | Paul Harris | Posted 05.25.2011 | Business

California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and...

Obama To California: We Can't Bail You Out

Los Angeles Times | Peter Nicholas and Richard Simon | Posted 05.25.2011 | Politics

California needs to solve its financial crisis by itself and should not expect an emergency bailout from the White House, an array of Obama administra...