Senate races to send stopgap spending bill to Obama, avert government shutdown deadlineSeptember 30th, 2009 On deadline, Senate works to avoid gov't shutdownWASHINGTON — Up against a midnight deadline to avoid a government shutdown, the Senate raced to pass legislation Wednesday that temporarily would extend spending on most federal programs at current levels while raising Congress' budget by 6 percent. A vote on the measure to keep the government for one more month was set for late afternoon.
Michigan creeps closer to 2nd government shutdown in 3 years as budget deadline nearsSeptember 26th, 2009 Mich. stares down 2nd govt. shutdown in 3 yearsLAINGSBURG, Mich.
Congress readies stopgap spending bill to avoid government shutdownSeptember 23rd, 2009 Congress readies stopgap spending billWASHINGTON — With the beginning of the new fiscal year just a week away, Democrats controlling Congress are preparing to push through a stopgap spending bill to guarantee against a government shutdown. The routine measure is needed because Congress has failed to wrap up work on any of the 12 annual spending bills for agency budgets that it passes each year.
Calif. will begin redeeming IOUs as interest payments will cost taxpayers nearly $10 millionSeptember 3rd, 2009 Calif. to pay nearly $10 million on IOU interestSACRAMENTO, Calif. — California taxpayers will pay nearly $10 million in interest on the nearly half a million IOUs the state has issued this summer.
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.
Lawmakers, governor hope to seal deal Sunday on how to erase California deficitJuly 18th, 2009 Deal possible Sunday on California budgetSACRAMENTO, Calif. — California officials hope to reach a deal Sunday on how to erase a $26.3 billion budget deficit that has forced the state to issue IOUs for the first time in nearly 20 years.
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.
Schwarzenegger declares fiscal emergency in CaliforniaJuly 2nd, 2009 SACRAMENTO - California governor Arnold Schwarzenegger Wednesday declared a fiscal emergency as lawmakers failed to pass a budget to close the state's $24.3 billion budget gap. The emergency means that the state may start issuing IOU's instead of checks as soon as Wednesday.
Schwarzenegger declares fiscal emergency in California, orders offices closed 3 days a monthJuly 1st, 2009 Schwarzenegger declares Calif. fiscal emergencySACRAMENTO — Gov.
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.
Calif. budget deadline looms as lawmakers make no progress on fixing $24.3B state deficitJune 30th, 2009 Calif. lawmakers face deadline to avoid IOUsSACRAMENTO, Calif. — A midnight deadline loomed Tuesday as California lawmakers and Gov.
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.
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.
Calif. lawmakers debate budget fix as state controller warns of IOUs as early as next weekJune 24th, 2009 Calif. Legislature begins debate over budget fixSACRAMENTO, Calif. — Lawmakers have begun a sharp debate about a Democratic plan to close California's projected $24 billion deficit but a quick resolution seems unlikely.
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