IOUs from California are on their way – San Jose Mercury News
San Jose Mercury NewsSACRAMENTO — With its bank balance careening toward zero, California began sending tens of thousands of IOUs to its creditors on Thursday, the latest black eye for the state and...
View ArticleHope for California budget deal as 'IOUs' planned – Reuters
ReutersSAN FRANCISCO, July 2 (Reuters) – Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid...
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