Callaway Gardens plans to sell nearly a third of its property to settle heavy debt resulting from declining attendance and projects that have drained revenues in recent years, and says a prospective buyer is waiting in the wings.
The debate over how to raise the federal debt ceiling could have big repercussions in Georgia. Political experts say, any deal to raise the limit likely would include big cuts to federal spending. Georgia relies on federal spending for everything from road construction to energy assistance.
State officials are trying to figure out how to meet Georgia's unemployment insurance obligations. Officials say the fund is running out of money, and more than 191,000 Georgians received unemployment insurance payments last week. The state owes the federal government more than $600 million dollars.