This story out today - link to text of letter from Gov. Schwarzenegger
http://www.reuters.com/article/marketsNews/idUSN0334646220081003
California may need help from the Federal Government
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http://www.usatoday.com/news/nation/2008-10-04-mass-borrowing_N.htm
I bet you'll be seeing a LOT of states looking to do the same over the next few weeks....