California's top accountant said Wednesday that the state would have to issue IOUs in two to four weeks if Gov. Arnold Schwarzenegger and the state legislature don't agree to a budget by then.
State Controller John Chiang said without a new spending plan that closes a $19 billion shortfall, the state would run out of money by late October. "We will run out of money if everything remains the same," he said in an interview.
Från Wall Street Journal
Inga kommentarer:
Skicka en kommentar