« Full episode for
July 3-5, 2009
California Issues IOUs

Getty Images
The state's new fiscal calendar started Tuesday, but there's still no agreement on how to close a massive budget deficit.
Meanwhile, Governor Schwarzenegger has declared a financial emergency and the state is now issuing IOUs instead of making
payments. Helping to make sense of it all is the California Report's Sacramento Bureau Chief, John Myers.
Commenting has been closed for this segment.
|
|