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Mass. Weathers Financial Storm; Dark Clouds Loom
By Bob Oakes
Listen to story (Real Audio)
BOSTON - September 25, 2008 - As the debate continues in Washington over the proposed $700 billion bailout from the nation's financial crisis, officials here say Massachusetts is weathering the crisis fairly well. They point to a high bond rating and relatively strong job and housing markets. But state revenues are down $200 million, and spending cuts are expected.
Among the state officials hoping for quick action in Washington is state treasurer Tim Cahill. He spoke with WBUR's Bob Oakes on Morning Edition.
This is an extended version of Bob's interview.
Mass. Umemployment Rate Rises To 5.5 Percent BOSTON (November 20, 2008) The Massachusetts unemployment rate climbed to 5.5 percent last month, up from 5.3 percent in September. |  | DiMasi Wants Fresh Consideration For Gas Tax Hike BOSTON (November 19, 2008) House Speaker Sal DiMasi on Wednesday made the clearest statement yet by a top Beacon Hill official that raising the state's 23.5-cents-per-gallon gas tax could be a good idea, releasing a statement suggesting the levy as an alternative to doubling tolls. |  | Romney Adamantly Opposes Auto Industry Bailout WASHINGTON (November 20, 2008) Former Massachusetts Gov. Mitt Romney is standing steadfastly behind the forces opposing a $25 billion "bridge loan" for struggling Detroit auto manufacturers. |  | Red Sox Trade Coco Crisp To Royals For Reliever KANSAS CITY, Mo. (November 20, 2008) The Kansas City Royals picked up the leadoff hitter they had been seeking, acquiring center fielder Coco Crisp from the Boston Red Sox for reliever Ramon Ramirez on Wednesday. |  |
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