Wednesday, June 2, 2010

New York State Delays Paying Bills

New York state delayed paying $2.5 billion of bills as a short-term way of staying solvent but its cash crunch could get even worse in August and September, Budget Director Robert Megna said on Tuesday, reports Reuters.

"Had we not done that, I think we would have been close to broke," Megna told reporters in Albany

1 comment:

  1. Can CA and NY postpone their bailout requests until after the November elections? Discuss.