Last Updated: October 3, 2008 06:49pm ET

California Has $7B Liquidity Problem

By Brian K. Miller

SACRAMENTO, CA-Gov. Arnold Schwarzenegger warns Treasury Secretary Henry M. Paulson that the credit crunch may force it to seek an emergency loan before the end of the month.

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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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