Relevant:
- California will borrow $5 billion from banks to bypass U.S. debt drama
- California starts to feel crunch of tightening credit
- Treasury's Lew: Debt Ceiling Could be Hit in February
- Fannie, Freddie Loan Limits Raised For More Than 70 U.S. Counties
- California Division of Forestry Not Paying Bills, Vendors Demand Cash or Credit Cards Upfront
2011-07-27 — bloomberg.com
"California will borrow $5 billion today through a temporary loan as U.S. states make plans to cope with any credit-market disruption should lawmakers fail to raise the federal debt ceiling by the Aug. 2 deadline."
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