WH to CA: Sorry, no dinero

WASHINGTON (Reuters) - The White House on Tuesday dashed hopes that the federal government would help California overcome a mammoth budget crisis that has brought the state dangerously close to an economic meltdown, saying the state will have to solve the problem on its own.

“It’s obviously not an easy time for the state of California,” White House spokesman Robert Gibbs told a briefing when asked if the administration would provide emergency financing for the state.

“We’ll continue to monitor the challenges that they have, but this budgetary problem unfortunately is one that they’re going to have to solve,” Gibbs said.