Meredith Whitney Says U.S. May Face Bailout for States: Video

The bailout will be ongoing. Congress recently passed a $26 billion jobs bill to plug holes in state payroll budgets. The move was intended to save thousand of teacher and government jobs. "Free money" is flowing everywhere. It's no surprise that the dollar has rolled over again.

Whitney, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” says the U.S. government may face a bailout for states over the next 12 months.

Source: bloomberg.com