Relevant:
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- March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue
- Paulson Crosses Rubicon Lands In 5th Dimension
- Fed and Treasury Announce New $25B Bank Liquidity Backstop Program
- State Housing Agencies in U.S. Said Slated for Treasury Help
2009-03-31 — marketwatch.com
"What we're starting to talk to them about is ... short-term liquidity problems" at the state and its municipalities, he said.
Backup from the federal government would be for "contingency" purposes. "We may need to get letters of credit from Treasury," he added.
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