5 October 2008, 9:26 am
Spurred by concerns about the state's ability to borrow, Treasurer Timothy Cahill has asked the federal government about lending Massachusetts money under the same favorable terms it's given banks and firms during the financial crisis. Cahill's requests to the U.S. Treasury and Federal Reserve Bank of Boston were prompted by the state's inability to borrow from the short-term debt markets.... read more
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