Another Budget Shortfall Impacts Politics and Schools

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Credit card companies made big money by extending easy credit, but now they’re reducing borrowing limits, jacking up interest rates and even closing accounts. Also, USC, UCLA and CSUN are all heading to the NCAA Tourney. On our rebroadcast of today’s To the Point, we consider what that means for consumers and the economy. Also, California’s budget problems are not over, even if voters uphold last month’s $42 billion compromise. Will a new, $8 billion shortfall lead to thousands of teachers being laid off after all?



Warren Olney