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As recession lingers, Arizona food banks long on business, short on donations

The hundreds of cars lined up Nov. 25 for frozen turkeys and bags of food from St. Mary's Food Bank Alliance were three times the number at the same event last year. "We knew that our demand was going to go up for the holidays, but it has stunned us how much it went up this week," said Beverly Damore, a spokeswoman for the organization.

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State borrows $700M; first external loan since Great Depression (access required)

The State Loan Commission has approved a $700 million line of credit from Bank of America, marking the first external borrowing the state has done since the Great Depression. State Treasurer Dean Martin said his office will finalize the agreement with Bank of America next week and will begin issuing treasurer's warrants by the end of November.

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Special session kicks off, but most work slated for Thursday (access required)

Lawmakers officially kicked off the fourth special session of the year - the second devoted to the fiscal 2010 budget - with an uneventful gathering at the state Capitol on Nov. 17. The work on taking a small bite out of the state's $2 billion budget deficit will take place on Nov. 19, when House and Senate budget committees are expected to meet.

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