Social Security To Enter Red Territory In 2010

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

California controller: State will run out of cash before April

State Controller John Chiang issued a stern warning about California’s cash reserves, they must act on nearly $9 billion in budget cuts or the state will run out of cash