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California To End IOUs On September 4

By Forex-Master

NEW YORK: California will have enough cash to stop issuing IOUs on Sept. 4, almost one month earlier than expected, the state controller said Thursday. That’s also the date when people and companies can redeem their IOUs with the state treasurer.The controller’s office has issued 327,000 IOUs worth a total of 1.95 billion so far…. »

California To Resume Budget Talks

By Forex-Master

SAN FRANCISCO (Reuters) — California Assembly Speaker Karen Bass said Wednesday she sees stalled negotiations with Gov. Arnold Schwarzenegger over closing the state’s 26.3 billion budget gap resuming by Friday. California has been burning through its cash without a budget agreement and is issuing IOUs for tax refunds. The legislature is being urged to consider… »

 

March 2010
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