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California Ious

California IOUs: Vendors Still Waiting For Payment

nytimes.com | JENNIFER STEINHAUER | Posted 08.08.2009 | Business

Read More: California Budget Deficit, California IOUs, Arnold Schwarzenegger, California State Budget, California, Business News

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 ...

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California's IOUs: BofA, Citigroup, Big Banks Say They'll Stop Accepting CA Notes Friday

wsj.com | RYAN KNUTSON | Posted 08.07.2009 | Business

Read More: Citigroup, Bank of America, California, Wells Fargo, California IOUs, Arnold Schwarzenegger, California State Budget, Business News

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 ...

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