Federal Bailouts, CA Budget Crisis, SD Budget Deficit

KPBS | By KPBS Public Broadcasting

Published November 14, 2008 at 7:00 AM PST

This story was published more than 15 years ago.

Treasury Secretary Henry Paulson now wants to use a large portion of the $700 billion financial rescue plan to help consumers, and to stimulate the nations credit markets. Plus, California Legislati

Treasury Secretary Henry Paulson now wants to use a portion of the $700 billion financial rescue plan to help consumers, and to stimulate the nation’s credit markets. What's the thinking behind these bailout revisions?

Plus, California Legislative Analyst Mac Taylor says the state is facing a $27.8 billion budget deficit. What options does California have for closing its budget gap?

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And, the City of San Diego is facing a $43 million deficit of its own. What are Mayor Sanders' ideas for getting San Diego back in the black?

Guests

Tom York, editor of the San Diego Business Journal.
Kent Davy , editor of the North County Times.
Ricky Young , government editor for the San Diego Union-Tribune .

Federal Bailouts, CA Budget Crisis, SD Budget Deficit

Treasury Secretary Henry Paulson now wants to use a large portion of the $700 billion financial rescue plan to help consumers, and to stimulate the nations credit markets. Plus, California Legislati

Treasury Secretary Henry Paulson now wants to use a large portion of the $700 billion financial rescue plan to help consumers, and to stimulate the nations credit markets. Plus, California Legislati