Aftershocks

State Treasurer Timothy P. Cahill this week approached the US Treasury and the Federal Reserve Bank of Boston about lending Massachusetts money under the same extraordinary terms the government is giving banks and Wall Street firms during this financial crisis....

Massachusetts' need is not as urgent, Cahill said, as the state of California's, which requested similar federal assistance on Thursday. California officials said the state would run out of money by the end of the month if the short-term debt markets do not ease, and if it could not obtain loans from the Fed.

[From Mass. may seek a US loan as credit markets dry up - The Boston Globe]