Tuesday, June 30, 2009
Deficit forces California to issue IOUs
California is preparing to issue IOUs to its creditors this week as it grapples with an unprecedented cash crunch and prepares to begin its new fiscal year deep in the red.
Once the US’s richest state, California now has the dubious distinction of having the worst credit rating in the country...
FT: Deficit forces California to issue IOUs
Once the US’s richest state, California now has the dubious distinction of having the worst credit rating in the country...
FT: Deficit forces California to issue IOUs
Permalink posted by markw @ 5:01 AM 
 |
 |  |
  |
