California to stop issuing IOUs to thousands of vendors on Sept. 4 as state budget stabilizesAugust 13th, 2009 Calif. to stop issuing IOUs s budget stabilizesSACRAMENTO, Calif. — The California controller says the state can stop issuing IOUs to vendors on Sept.
California to stop issuing IOUs to thousands of vendors as state budget stabilizesAugust 13th, 2009 Calif. to stop issuing IOUs as budget stabilizesSACRAMENTO, Calif. — California's top financial officers said Thursday they will stop issuing IOUs, ending a practice that became the most visible symbol of the state's fiscal crisis.
Cash your IOUs on Craigslist? Gray market opens for people to make a buck off Calif. crisisJuly 18th, 2009 Investors offer cash on Craigslist for Calif. IOUsSAN FRANCISCO — Online cash offers for California IOUs are proliferating on Craigslist and elsewhere as major banks stop accepting the financially strained state's promises to pay.
Calif. businesses find fewer options for cashing IOUs as lawmakers seek to close $26B deficitJuly 13th, 2009 Options dwindle for cashing California IOUsSACRAMENTO, Calif. — Thousands of California creditors were left Monday with fewer options for cashing IOUs issued by the state, as several major banks said they no longer will honor them.
With warnings of financial ruin come and gone, Calif. sees doomsday at the end of AugustJuly 10th, 2009 Calif. fiscal experts see late August as deadlineSACRAMENTO, Calif. — It was only weeks ago that lawmakers, finance officials and the governor were warning that California was headed over a financial cliff.
Assembly committee passes bill requiring Calif. to accept IOUs as payment for taxes, feesJuly 7th, 2009 Bill would let IOUs pay for Calif. taxes, feesSACRAMENTO, Calif.
Small businesses brace for impact as broke California sends out IOUs instead of cashJuly 3rd, 2009 IOUs spell uncertainty for Calif. small businessesBERKELEY, Calif.
As budget deficit grows, cash-strapped California prepares to issue IOUsJuly 2nd, 2009 As deficit grows, Calif. prepares to issue IOUsSACRAMENTO, Calif.
Calif. Senate fails to break budget deadlock as fiscal year ends; state prepares for IOUsJuly 1st, 2009 Calif. Senate fails to break budget deadlockSACRAMENTO — The California Senate has shut down for the night after failing to approve a stopgap plan to stave off the need for IOUs and ease the state's $24.3 billion budget deficit. Voting largely along party lines, the Senate rejected three bills designed to save $5 billion, including $3.3 billion in education funding cuts that had to be enacted by midnight Tuesday.
Compromise over California budget deficit remains elusive with IOUs just days awayJune 29th, 2009 Calif. Senate OKs budget headed for certain vetoSACRAMENTO, Calif. — The California Senate has approved a Democratic budget that faces a certain veto from Republican Gov.
California controller says issuing $3 billion in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
California controller says issuing $3B in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
Congressional Budget Office lowers estimate of bailout costs to $159 billionJune 26th, 2009 CBO lowers estimate of bailout costs to $159BWASHINGTON — The nonpartisan Congressional Budget Office estimates that taxpayers will lose about $159 billion from the government's bailouts of the financial and auto industries. While a massive figure, the CBO put the total cost of the bailouts at $356 billion in March.
Calif. lawmakers remain deadlocked over solving budget crisis; IOUs expected next weekJune 26th, 2009 Calif. IOUs loom as lawmakers remain at impasseSACRAMENTO, Calif. — California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
As fiscal crisis looms, Calif lawmakers fail on first legislative vote to close $24B deficitJune 25th, 2009 Calif lawmakers fail on first try to close deficitSACRAMENTO, Calif. — A Democratic plan to begin closing California's $24 billion budget deficit failed Wednesday, as legislative leaders planned to work through the weekend to avoid a cash crisis when the new fiscal year starts next week.
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