California Tries To Raise $4 Billion In Bonds Officials in California begin selling billions of dollars worth of bonds Tuesday. The state held off until now because of turmoil in credit markets. But officials say other states have managed to sell bonds, and they are gambling that the money is out there to cover at least part of the state's needs.
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California Tries To Raise $4 Billion In Bonds

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California Tries To Raise $4 Billion In Bonds

California Tries To Raise $4 Billion In Bonds

California Tries To Raise $4 Billion In Bonds

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  • <iframe src="https://www.npr.org/player/embed/95683589/95683556" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Officials in California begin selling billions of dollars worth of bonds Tuesday. The state held off until now because of turmoil in credit markets. But officials say other states have managed to sell bonds, and they are gambling that the money is out there to cover at least part of the state's needs.

Julie Small reports for member station KPCC.