Moody's may downgrade California's debt rating (currently four steps above junk), dryly pointing...
Moody's may downgrade California's debt rating (currently four steps above junk), dryly pointing to an "expected budget gap of over $20 billion ... the announcements ... that without solutions the state will not be able to meet all its financial obligations in July; the continued political stalemate that has resulted in inaction by the legislature thus far; and the limited solutions available to the state."
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