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California ills give US a Headache

California’s fiscal crisis is in danger of becoming a serious headache, not just for the state and its feuding politicians in Sacramento, but for the entire nation.

http://globaldevelopmentnews.blogspot.com/2009/07/california-ills-give-us-headache.html

http://globalblognetwork.blogspot.com/2009/07/california-paying-bills-with-ious.html

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Tags: California’s fiscal crisis, KBW, Public Finance, Government finance, California has a budget deficit of $26.3bn, on revenues of just $113bn, Keefe Bruyette Woods, Global Economic News, Global Economic Pulse, IOU’s, Standard and Poor’s,

Filed under // California has a budget deficit of $26.3bn California’s fiscal crisis Global Economic News Global Economic Pulse Government finance IOU’s KBW Keefe Bruyette Woods on revenues of just $113bn Public Finance Standard and Poor’s

Posted by Kxlsyd

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California Paying Bills With I.O.U.’s

LOS ANGELES — Its budget gap growing and its political process for addressing the gap unhinged, California will begin Thursday to pay vendors and taxpayers with i.o.u.’s, only the second time the state has adopted the emergency payment method since the Great Depression.

Tags: Darrell Steinberg, Schwarzenegger, California politics, California budget, Twitter, Bank of America, Wells Fargo, Chase, Professional Engineers in California, State legislature, Warrants, IOU’s, budget gap, the great depression,

Filed under // Bank of America budget gap California budget California politics Chase Darrell Steinberg IOU’s Professional Engineers in California Schwarzenegger State legislature the great depression Twitter Warrants Wells Fargo

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California ills give US a Headache

California Paying Bills With I.O.U.’s