Geithner Dubious about California Bailout

Yesterday on this program, State Treasurer Bill Lockyer said he might need federal loan guarantees to borrow money so California could pay its bills. Today, Treasury Secretary Tim Geithner told a House Committee that might require an act of Congress. But California's own delegation is divided, as we hear from Rob Hotakainen, who reports from Washington for the McClatchy Newspapers, including the Sacramento Bee.