Business Daily
In California thousands of public-sector workers have lost their jobs because of the huge budget deficit. Some say the state is facing bankruptcy unless controversial tax increases are introduced.
Business Daily is in sunny California, where the State of dreams finds itself in a state of nightmares. Twenty-five billion dollars worth of budget deficit has forced the lay-off of thousands of police officers, fire officers and teachers - and without more controversial tax hikes, some say California could go bust. Ed Butler meets voters and workers to get their views, and speaks to Phil Batchelor, City Manager of Vallejo, one of the worst-hit cities in the state, and Mark Baldassare, President of the Public Policy Institute of California.
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- Mon 21 Feb 2011 02:40GMTΒι¶ΉΤΌΕΔ World Service Online
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Business Daily
The daily drama of money and work from the Βι¶ΉΤΌΕΔ.