Schwarzenegger: Invest in California

SACRAMENTO, Calif. The governor is launching a radio campaign to ask resident to buy short term state bonds to help the state cover $4 billion in expenses.

The governor met with legislative leaders earlier this week to discuss the budget. The governor has also sent a letter to Treasury Secretary Hank Paulson requesting a loan. The hope is that the money from the bonds and loan would cover state operating costs until tax receipts start arriving in the spring.

 

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