State Treasurer Joe Torsella has decided to authorize a five-day, $700 million loan to keep Pennsylvania from missing Medicaid payments while its general fund runs low.
The move is politically fraught.
For two months, Torsella, a Democrat, refused to lend money until the legislature passed a plan that would balance the state's finances.
Now, Governor Tom Wolf is taking unilateral steps to try and bring the three-months-late budget in line. But critics of Torsella and Wolf say not enough has actually changed to justify the shift in position.