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14
votes
California May Be Forced to Issue I.O.U.’s
submitted by grandie4 31 months ago, from nytimes.com
Signaling that California is slipping deeper into financial crisis, the state’s controller said Wednesday that his office would soon be forced to issue i.o.u.’s to scores of the state’s creditors, as lawmakers failed at their first attempt as a body to close the state’s multibillion-dollar shortfall
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