[ Reuters: Top News] Calif hopes rescue bill thaws frozen debt market
Posted: Fri Oct 03, 2008 8:30 pm
SAN FRANCISCO (Reuters) - California is preparing to ask the federal government to buy up to $7 billion in notes in the face of a frozen municipal debt market, but the landmark U.S. financial rescue bill may thaw the market so states may resume borrowing to finance various programs and projects.
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