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State officials brace for cash crunch if federal debt-ceiling deal fails

Jul 30, 2011 1:41:48 AM- chicagotribune.com
Health care, schools could feel the lack of federal funds first

State officials have quietly begun preparing contingency plans for handling state finances if a gridlocked federal government fails to reach agreement in the next week on a plan to raise the nation's debt ceiling, which could force Washington to ration its cash payouts.

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