The Government will continue to operate with temporary financing.

After running deficits since 1988, the city failed last week to arrange $375 million in temporary financing to stave off default.

Oxford said it had obtained this temporary financing in order to meet the regulatory capital requirements of various states.

Both sides are expected to agree on Friday to extend the temporary financing for at least a day or two.

Some $200 million more will come from the sale of bonds this year and the rest from temporary financing.

Bridge loans may be used as temporary financing pending a longer-term loan.

Amey has said it intends to raise enough money by June to replace that temporary financing with its own funds.

And the pols will scout around for any other temporary financing they can find.

If you do temporary financing, it costs the city a lot of money.

In 8 of the last 10 years, Congress has provided temporary financing to keep the Government running past the start of the fiscal year.