California is hurting. Its budget deficit is larger than total expenditures in most states, it’s got high unemployment, and the most foreclosures of any state. Stimulus money ? an estimated $32 billion would go to the state under the House’s stimulus plan ? would of course ease some of the short-term pain. But economists and local officials are unclear on how to turn the windfall into long-term economic well-being for the state. New York Times reporter Jesse McKinley joins Katherine and Adaora from San Francisco with a look at how his home state might fare under the stimulus bill.
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