Pennsylvania's payless paydays - Jul. 17, 2009

Business 2.0, CNN by Tami Luhby | Jul. 17, 2009 (News Report)
Two other states have yet to approve budgets, while California closes in on deal to close $26 billion deficit

Struggling to resolve a 17-day-old budget impasse, Pennsylvania is withholding pay for 69,000 state employees for time worked after July 1. Workers Friday received only 70% of their salary, covering days worked in June. Starting two weeks from now, they'll get nothing on payday until a state budget is approved.

Pennsylvania is one of three states that have yet to pass budgets for fiscal 2010, which began July 1. The other two -- Connecticut and ... Full Story »

Posted by Samuel W. Velsor IV

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Subjects: U.S., Politics, Business
Topics: U.S. Economy, Money and Politics
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Posted by: Posted by Samuel W. Velsor IV - Jul 18, 2009 - 11:36 AM PDT
Reviewed by: Samuel W. Velsor IV (review)
Content Type: Article
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Edited by: Samuel W. Velsor IV - Jul 18, 2009 - 11:36 AM PDT

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Samuel W. Velsor IV
4.4
 by Samuel W. Velsor IV - Jul. 18, 2009

Bringing the problem of three states to the forefront is important. The title is misleading since the majority of the article deals with the California disaster- (politics at their worst).

When you consider the millions of people and businesses being effected, maybe, the White House should reconsider minimal bail out fund use. This is an example of the political animal at its worst.

The impasse is growing more costly to California as its financial situation grows more precarious. Earlier this week, Moody’s downgraded the state’s credit ... More »

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