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California Ious

State Of California Could Be Forced To Issue IOUs By April

AP | JULIET WILLIAMS | Posted 05.25.2011 | Los Angeles

BERKELEY, Calif. — State Treasurer Bill Lockyer says California could be forced to issue IOUs as early as April or May if state lawmakers don't cut ...

Lucia Graves

California Threatens To Pay Workers With IOUs As Deficit Soars

HuffingtonPost.com | Lucia Graves | Posted 05.25.2011 | Los Angeles

California state contractors and others could find their paychecks replaced by IOUs this September, as legislative disputes over the state's $19 billi...

State Controller Warns IOUs Could Be Issued In 2 Weeks

Los Angeles Times | Posted 05.25.2011 | Los Angeles

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 i...

Cash In: Millions In California IOU's Set To Expire

AP | JESSE McKINLEY | Posted 05.25.2011 | Los Angeles

SACRAMENTO, Calif. — California officials are at a loss to explain why $50 million worth of IOUs issued during last year's fiscal crisis have no...

California IOUs: Vendors Still Waiting For Payment

nytimes.com | JENNIFER STEINHAUER | Posted 05.25.2011 | Business

LOS ANGELES -- The only thing worse than being issued an i.o.u. rather than a check from the State of California may be not getting the i.o.u. at all ...

Big Banks Say They Stop Accepting California IOUs

wsj.com | RYAN KNUTSON | Posted 05.25.2011 | Business

A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion ...