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Archive Home > 2009 > June > 25 > California may be forced to issue IOUs

California may be forced to issue IOUs

By Jennifer Steinhauer / The Bulletin
June 25, 2009

LOS ANGELES — Signaling that California is slipping deeper into financial crisis, the state’s controller said Wednesday that his office would soon be forced to issue IOUs to scores of the state’s creditors, as lawmakers failed at their first attempt as a body to....

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