Monday, August 20, 2007

State contractors feel financial pinch of budget stalemate (Los Angeles Times)

Businesses in need of emergency cash are paying high rates for short-term loans or resorting to credit cards. The state doesn't reimburse for that interest. By the time a state budget is passed, Janet Rios will be at least $4,000 poorer. That's the 19% in interest Rios says she must pay on loans to keep her two nursing homes afloat until lawmakers can agree on a spending plan. ...

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[Source: Yahoo! News Search Results for credit cards]

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