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State debt: Arizona’s money pit (access required)

The state has borrowed more than $2 billion during the past four fiscal years, boosting its total debt load to $9.7 billion. At least one-third of the state’s debt must be repaid using money from the same account that lawmakers draw upon to pay for public education, Medicaid programs and other basic government services.

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BofA halts foreclosures in 50 states

A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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$137M from stimulus aids 3 Ariz. projects (access required)

The White House has released a report praising 100 projects across the nation - including three in Arizona - that were made possible by the American Recovery and Reinvestment Act to help boost the economy and create or sustain jobs.

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Arizona stimulus funds largely unspent

Many deadlines to use stimulus money fall in 2012. That means the next 18 months offer some guaranteed work for construction crews, lower energy bills for some homeowners and perhaps even a benefit for taxpayers as government buildings become more efficient.

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