The budget the governor recently proposed for California reflects a significant improvement in the state's finances, says Moody's Investors Service in a report. Structural budget gaps have declined, while the state's economy is showing strength.
Moody's: Proposed Budget Marks Improvement in California's Finances
FEB 4, 2013 11:11am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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