By Jessica Stanic · 26 March 2009 · Locked
The Rudd Government has taken bold action to rescue struggling states, but what exactly does this mean for the economy? Find out what's at stake and how it will impact you.
The Rudd Government has taken swift steps to bail out the underperforming states, with a federal government guarantee of up to $150 billion, ensuring the states will be able to raise cash more easily on international credit markets and road and building works. Following a meeting with state treasurers in Canberra yesterday, federal Treasurer Wayne […]