Schwarzenegger, a Republican, plans to ask for relief totaling as much as $8 billion, according to a California official who asked not to be identified because details haven’t been resolved. Instead of seeking one-time stimulus money or a bailout, the state wants the U.S. to reduce mandates and waive rules stipulating minimum expenditures on programs such as indigent health care, the official said.
While the focus is on Greece and trouble in the EU, it could very well be on California and trouble in the US Union.
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=a8IKZdXgVszQ&pos=2
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