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CA to run out of cash by early March...

By: Decomposed in ROUND | Recommend this post (0)
Wed, 01 Feb 12 12:39 AM | 37 view(s)
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Msg. 38536 of 45651
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January 31, 2012

Controller: State to run out of cash in March without action

blogs.sacbee.com

California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.

The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June.

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Full story: http://blogs.sacbee.com/capitolalertlatest/2012/01/controller-state-to-run-out-of-cash-in-march-without-action.html

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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