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...addition to its multibillion-dollar deficit, California faces a severe cash-flow crisis and state controller John Chiang warns that the state could run out of money in July. California has the worst credit rating among the 50 states, so its leaders have pressed the Obama Administration and Congress to act as a co-signer on the state's borrowing. As with AIG, California officials argued, the state is too big to fail. "A fiscal meltdown by California ... would surely destabilize the U.S., if not worldwide financial markets," state treasurer Bill Lockyer wrote U.S. Treasury Secretary Timothy Geithner...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

...provide access to DNA tests is an issue for legislatures, not courts; 46 states and the Federal Government already mandate at least some access to DNA testing. "To suddenly constitutionalize this area would short-circuit what looks to be a prompt and considered legislative response," wrote Chief Justice John Roberts...

Author: /time Magazine | Title: DNA Testing | 6/19/2009 | See Source »

...Since 1994 John Ensign has established a lot of good will. He's been an effective member of the House and Senate, and is one of the most effective elected figures in Nevada. Because of that he has a very good chance of healing this situation." - Robert Uithoven, a Nevada Republican operative (Las Vegas Sun, June...

Author: /time Magazine | Title: Senator John Ensign: 'I Had an Affair' | 6/18/2009 | See Source »

...This is a joke," said Arizona Senator John McCain. "This is the most incredible markup I've been to in my years in the Senate and in Congress. I suggest we not move forward until we have some provision on how we're going to pay for it." New Hampshire Republican Judd Gregg added that he didn't know who had written what he had seen of the bill, "but if it had been Rube Goldberg, Ira Magaziner [the architect of the failed 1994 Clinton health-care plan] and Karl Marx, you might have gotten this product...

Author: /time Magazine | Title: A Health-Care Reality Check Slows Congress | 6/18/2009 | See Source »

...admirers worried that he was taking the proverbial lid off Pandora's box. The group known as the Society of St. Pius X had, after all, operated a separate ministry since 1988, when its founder, the late Archbishop Marcel Lefebvre, ordained his own bishops in open defiance of Pope John Paul II. Two decades of schism were bound to feed both unorthodox ideas and an autonomous chain of authority...

Author: /time Magazine | Title: Pope Benedict vs. the Lefebvrites: Round 2 | 6/18/2009 | See Source »

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