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...since then, Burris has amended his testimony in a sworn affidavit with the House's impeachment panel chair, outlining multiple conversations he had in fact had with Blagojevich's brother and other of the governor's lieutenants, which included requests for him to raise cash. The Chicago Sun-Times first disclosed the inconsistencies in a weekend report. The paper then suggested Monday that Burris only came clean after being contacted about the matter by federal investigators, something Burris denied Monday as "absolutely, positively not true." (See the Top 10 Scandals...

Author: /time Magazine | Title: Will Burris Be the Next to Fall in the Blago Scandal? | 2/18/2009 | See Source »

...getting roundly dismissed this week by state Republicans and Democrats alike. It's also one that even Burris has now contradicted. While saying "I have absolutely nothing to hide - I have done nothing wrong," Burris acknowledged this week that he in fact did attempt, albeit unsuccessfully, to raise cash for the embattled governor even as he was making his interest in the potential appointment known, though he maintained there was nothing improper about his actions. "I welcome the opportunity to go before any and all investigative bodies," he told reporters Tuesday...

Author: /time Magazine | Title: Will Burris Be the Next to Fall in the Blago Scandal? | 2/18/2009 | See Source »

...with tax receipts drying up and the state nearly out of cash, unemployment and foreclosures above the national average, and the state cast out of the municipal-bond market (Standard & Poor's downgraded the state's bond rating to the lowest of the 50 states), Schwarzenegger recognizes that this year's shortfall is just too big to fix with cuts alone. Unlike the Federal Government, which can run endless deficits, states are required by law to balance their books yearly...

Author: /time Magazine | Title: California: One Vote Short of Averting Catastrophe | 2/18/2009 | See Source »

...Outcome: Gibson thinks that her family getting booted to an earlier flight was about one thing: cash. She suspects that AirTran moved her to the earlier, less-desirable - and cheaper, by $120 per ticket - flight in order to free up seats and sell pricier tickets on her original flight...

Author: /time Magazine | Title: An Airline's Automated System Penalizes Flyers | 2/18/2009 | See Source »

...drop in oil prices poses the most immediate threat to the government budget in Iraq, where public-sector spending fuels almost the entire economy. With oil prices lower, Iraq expects to run a deficit this year of roughly $20 billion, which could be covered by the nation's existing cash reserves. Once that money is gone, however, Iraq will be in the same position as many countries facing a cash crisis around the world at the moment - but with added problems unique to a country rich with oil but troubled by the legacies of wars...

Author: /time Magazine | Title: Iraq a Haven from the Global Financial Crisis — for Now | 2/18/2009 | See Source »

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