Monday, December 14, 2009

CALIFORNIA DEBT SERVICE TO SURPASS $10 BILLION, SCHWARZENEGGER NAMES ANA MATOSANTOS FINANCE CHIEF

links from Rough & Tumble

California debt costs to surpass $10 bln-Treasurer

-- California, the largest borrower among U.S. states, may see its debt interest costs nearly double to over $10 billion in 2020, the state treasurer reported on Monday. Lisa Lambert Reuters -- 12/14/09

Schwarzenegger names new finance director

-- Matosantos, currently chief deputy, will take over the Department of Finance helm days before Schwarzenegger delivers his final budget proposal in January, expected to be a cuts-heavy plan to deal with another severe deficit. Kevin Yamamura in the Sacramento Bee Shane Goldmacher in the Los Angeles Times -- 12/14/09

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