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California’s “Wall of Debt” returns as state bets on federal aid

JULY 1, 2020 | by Romy Varghese | BLOOMBERG

By Romy Varghese, includes “… The blueprint that current Governor Gavin Newsom signed Monday entails some upfront pain. … But the approach to put off cuts to protect residents most in need from the unprecedented crisis risks erecting a debt burden that may take years to dissipate. …”

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