State Controller John Chiang said California was only "two to four weeks" away from issuing IOUs for the second consecutive year as the state budget is now more than a month and a half overdue.
Chiang, speaking at the Sacramento Press Club, called the crisis "100% avoidable" and hoped not to revisit what he called "a shameful chapter of California history."
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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