1.   ING said it will borrow to cover about half of the cost of the purchase, depending on how many Equitable shareholders opt to take ING stock as payment.

2.   ING said it will borrow to cover about half the cost of the purchase, depending on how many Equitable shareholders opt to take ING stock as payment.

3.   That risks triggering a rise in interest rates, if the government is forced to borrow to cover the extra spending, it said.

4.   The difference is that state governments are generally prohibited by their constitutions from borrowing to cover deficits.

5.   And as the economy slowed in recent years and losses at state companies mounted, many borrowed to cover expenses.

6.   Companies also found themselves unable to borrow to cover short-term servicing obligations.