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State Budget Crises

Congress Unlikely To Aid Struggling States

AP | KEVIN FREKING | Posted 05.25.2011 | Business

WASHINGTON — Cut spending, raise taxes and fees, and accept billions of dollars from Congress. That's been the formula for states trying to surv...

Struggling States Being 'Punished' By Credit Markets

Bloomberg | Darrell Preston | Posted 05.25.2011 | Business

The cost of credit-default swap insurance on the lowest- rated state after California has risen 16 percent to $330,000 to protect $10 million of debt,...

U.S. Cities Are Giving Away Land To Earn Money

nytimes.com | MONICA DAVEY | Posted 05.25.2011 | Business

BEATRICE, Neb. -- Around the nation, cities and towns facing grim budget circumstances are grasping at unlikely -- some would say desperate -- means t...

7 Minutes With Joseph Stiglitz: Hopes Geithner and Summers Learn From Serious Errors

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The ideas that Stiglitz have been advocating are what many who supported Obama thought they would be getting, but instead of Stiglitzianism, America got Rubinism.