SACRAMENTO, July 12 (UPI) -- Business officials in California say they are growing concerned about the state government's budgetary problems and use of IOUs for payments.
SACRAMENTO, July 11 (UPI) -- Four major banks, including Bank of America Corp., say they stopped accepting IOUs Saturday from the cash-strapped state of California.
U.S. markets close mixed Friday ... Banks set deadline for California's IOUs ... Jolts in a bottle now $700M market ... China's confidence measure rises ... News from United Press International.
SACRAMENTO, July 10 (UPI) -- Several major U.S. banks said Friday would be the last day they would honor IOUs issued by the state of California.
SACRAMENTO, July 5 (UPI) -- The state of emergency for California's economy, the world's eighth largest, is demoralizing the entire country, a Republican strategist said.
SACRAMENTO, July 2 (UPI) -- The California state controller's office is set to print 28,742 IOUs worth $53.3 million to deal with the state's budgetary problems, officials say.
SACRAMENTO, D.C., June 29 (UPI) -- California officials say they're preparing to issue IOUs to creditors this week as the state gets ready to enter the new fiscal year awash in red ink.
SACRAMENTO, June 26 (UPI) -- Members of the California Senate said no to state Assembly proposals to cut school spending and delay payments to education and local government.
SACRAMENTO, Jan. 7 (UPI) -- California taxpayers may have to wait for their state tax refunds as Gov. Arnold Schwarzenegger and legislative Democrats continue to wrangle over the budget.
