SAN FRANCISCO, Sept 2 (Reuters) - Bank of America Corp(BAC.N) and Wells Fargo & Co (WFC.N) said on Wednesday theywill accept IOUs issued by California's state government topreserve its dwindling cash during its budget crisis. Bank of America will accept the ...Read More
Bank of America and Wells Fargo said Wednesday that they will soon start cashing California IOUs for their customers. Wells (NYSE: WFC) will start cashing IOUs on Sept. 4, the same day the state will begin redeeming its IOUs. BofA (NYSE: ...Read More
NEW YORK -- California will have enough cash to enable the hard-pressed state to stop issuing IOUs on Sept. 4, Controller John Chiang said Thursday. He said current cash-flow projections show the Golden State still needs to borrow $10.5 billion to ...Read More
SACRAMENTO (AP) — Gov. Arnold Schwarzenegger and California's legislative leaders agreed Monday on a plan to close the state's $26 billion budget shortfall, potentially getting the state back on firm financial ground so it can stop issuing IOUs. The governor and ...Read More
* Democrats drop demands for tax hikes in budget * Top Republican lawmaker now expects progress toward deal * State sends 'IOUs' to preserve cash for priority bills (Recasts with Democrats dropping demands for tax increases,adds comments) SAN FRANCISCO, July 2 (Reuters) - Top ...Read More
(Recasts, adds comment, Federal Reserve comment, background,byline) SAN FRANCISCO, July 2 (Reuters) - As California marked itssecond day of a new fiscal year without a budget agreement, thestate government moved ahead on Thursday to issue billions ofdollars in "IOUs" in order ...Read More
As if Tori Spelling's Donna Martin returning to 90210 wasn't exciting enough, now comes the announcement of a made-for-TV movie based on Tori and her hubby's, Dean McDermott, wacky wedded life. Oxygen announced today that the network has not only picked ...Read More
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