LAS VEGAS - A California state Treasury official - facing the need to borrow $7 billion in the short-term markets this month - expressed optimism that the $700 billion bailout enacted Friday would get the markets working again.

"Hopefully enactment of the recovery plan will inject confidence and trust into the system and unfreeze the credit markets so we can go about our cash-flow borrowing as we normally do," said Tom Dresslar, spokesman for Treasurer Bill Lockyer.

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