Boston - 'America in Crisis' Massachusetts Also Asking for Federal Loans Amid Market Worries

Boston, MA - The treasurer of Massachusetts has asked the federal government about lending Massachusetts money under the same favorable terms it has given banks and firms during the financial crisis. Treasurer Timothy Cahill's requests to the U.S. Treasury and Federal Reserve Bank of Boston were prompted by the state's inability to borrow from the short-term debt markets. The financial turmoil...