Aug. 13 (Bloomberg) -- California will stop using IOUs to pay its bills in early September, lifting a burden on businesses, taxpayers and municipalities that received $2 billion of the registered warrants instead of cash as the recession pushed the most-populous U.S. state toward insolvency.
California to Stop Issuing IOUs, Borrow $10.5 Billion
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Bloomberg.com
Seeded on Thu Aug 13, 2009 4:29 PM
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