2009-01-15wsj.com

``Still, the most far-reaching impacts may come next month. State Controller John Chiang has warned that California will run out of cash by late February unless state leaders act swiftly on the budget. Otherwise, starting Feb. 1, the state may issue IOUs as tax refunds to millions of Californians. It may also issue IOUs as payment to local governments, state vendors, judges and lawmakers and their staffers.''



Comments:

taps65 at 08:59 2009-01-16 said:
accountability will close the gap while repudiation and sequestration will bridge the divide. engineers will have to figure that one out. Permalink

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