Lockyer Says Debt Stalemate May Cause Damage to Economy

Jul. 28, 2011 - July 28 (Bloomberg) -- California Treasurer Bill Lockyer talks about the likely impact of a possible failure to raise the U.S. debt ceiling on the finances of individual states and California's decision to secure $5.4 billion in loans to cope with any credit-market disruption related to the debt ceiling. Lockyer speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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