California, the most populous US state, almost ground to a halt last week before its legislature thrashed out a package of emergency budget cuts in an all-night session.
Home to around 37 million people, California is responsible for 13 per cent of the US’s GDP. Were it an independent nation, it would have the seventh largest economy in the world.
But the Golden State had been careering deeper into trouble in recent months as it...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team