Congress pulls back state aid package, leaving a $2-billion hole in California budget
Thursday, June 3, 2010 - 03:20
in Mathematics & Economics
House Democrats kill a $24-billion fund to help cash-strapped states cover costs. States are lobbying hard to have it restored, warning of further devastating cuts to healthcare and social services. With the federal deficit a growing political liability, lawmakers in Congress are backing off plans to send more aid to financially strapped states, putting in jeopardy billions of dollars that California and others...