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The recession economy: will states pay vendors with IOUs
On December 5, 2008,
in Barack Obama,
by Federal Voting
When a state or city runs out of money, how does it pay its key suppliers and vendors? The issue is becoming top of mind now that many places face falling tax bases and lack of access to credit markets to sell municipal bonds. In California, the …
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Over the past few months, as election rhetoric heated up and the economy has cooled, one o …
