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  1. Sprint Nextel Corp. has replaced a $6 billion credit facility with a $4.5 billion one and paid down $1 billion of its outstanding loan amount under an amended credit agreement. (S)
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  2. Gov. Arnold Schwarzenegger on Thursday proposed a temporary 1.5 percent sales tax increase and billions in spending cuts to deal with California's worsening fiscal crisis, which has created an $11.2 billion deficit in this year's budget.
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