Will California default or be bailed out?
Will California default or be bailed out?
Will California default or be bailed out?
This is a current issue in California that seems to get worse. Last few years, they have balanced the budget and the legislature do accounting tricks to kick the can down the road.  Only this time, it is a dead end road.  I am sure they will issue IOUs again, but how will they resolve the budget deficit issue.
Municipal bonds have plummeted in recent days, as investors have suddenly focused on huge state and city budget deficits that there’s no easy way to fix.
Nowhere has this collapse been more visible than California, which faces a massive $25 billion shortfall and red ink for as far as the eye can see.
After years in which every looming financial crisis has been met with a government bailout, you might think that the same solution awaits California, as well as all the other states that have huge obligations that they ...
Olivia Wilde
Megan Fox
Bar Refaeli
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