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Washington revenue forecast drops by $530 million
OLYMPIA, Wash. (AP) -- The sagging economy will whack another $530 million from Washington state tax collections, pushing a projected deficit in the next state budget to about $3.2 billion, state analysts reported.
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Justices: No vote needed for redevelopment bonds
TALLAHASSEE, Fla. (AP) -- In a stunning double flip-flop, the Florida Supreme Court ruled that it made a mistake a year ago by requiring voter approval for billions of dollars worth of roads, buildings and other local redevelopment projects.
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Procter & Gamble says IRS overcharged it $435M
CINCINNATI (AP) -- Procter & Gamble Co., a huge consumer products maker whose products include Crest toothpaste and Pampers diapers, is suing the U.S. government for nearly $435 million.
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Okla. commission restores transportation projects
OKLAHOMA CITY (AP) -- About $70 million in Oklahoma road and bridge projects were put back on track Friday when the state Transportation Commission awarded contracts that had been deferred because of a projected shortfall in the federal highway trust fund.
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Radical bailout plan has a jawdropping price tag
WASHINGTON (AP) -- Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag -- a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.
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Mad as hell - taxpayers lash out
"NO NO NO. Not just no, but HELL NO," writes Richard, a reader from Anchorage, Alaska.
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Editorial reaction to $700B bailout plan
Here is what some newspapers had to say about the Bush administration's move to ask Congress for $700 billion to buy up troubled mortgage-related assets from U.S. financial institutions:
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Paulson urges quick action on $700 billion bailout
WASHINGTON (AP) -- The Bush administration insisted Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" -- a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets.
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