Capitol Journal: U.S. budget ax hangs over California
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Capitol Journal: U.S. budget ax hangs over California

Sacramento : CA : USA | Aug 03, 2011 at 6:37 PM PDT
Source: Los Angeles Times
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They're all huge targets as Congress takes aim at federal debt. It's unlikely the Obama administration would have defaulted on U.S. Treasury bonds even if Congress had remained gridlocked on debt ceiling legislation. Stiffing bondholders would have irreparably tarnished the nation's image abroad.... FULL ARTICLE AT Los Angeles Times
 
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