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[ Reuters: Top News] California may seek Treasury financing

Posted: Fri Oct 03, 2008 12:30 pm
by Pimpbot
SAN FRANCISCO (Reuters) - California Gov. Arnold Schwarzenegger has told Treasury Secretary Henry Paulson that the most populous U.S. state may need to turn to the federal government for short-term financing because a $7 billion sale of notes may be foiled by weak credit markets.




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