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Released: March 06, 2013
California, on brink of recovery, braces for setback on federal aid
Source: Norimitsu Onishi, New York Times (Free Registration)
After years of ballooning budget deficits, California finally seemed on firmer footing. Unemployment remained high, but revenues and housing prices were up. Taxpayers even voted themselves a tax increase to bring deficits down.
And then came the automatic federal budget cuts known as sequestration.
Read Full Article: California, on brink of recovery, braces for setback on federal aid
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