California set to issue IOUs
California's new fiscal year begins today, and the state Senate has failed to reach a revised budget agreement to keep from issuing IOUs for its bills. Facing a $24 billion deficit, lawmakers were unsuccessful in approving $3.3 billion in budget cuts that would have temporarily averted the use of IOUs. State controller John Chiang is set to begin using the IOUs on Thursday, which could damage the state's credit rating. However, lawmakers still can avoid giving out the IOUs if they reach a budget deal before Thursday. Larry Mantle gets an update on the developments. Post your thoughts here.
Also on this episode
Julie Small, KPCC's State Capital Reporter
Comments disabled after 14 days
Sponsor
Sponsor
Staff Pick
Eric Johnson
Tender Greens
Tender Greens is like your favorite rock band where you want to keep it a secret but also hope for tremendous success. And successful it is. Healthy and tasty salads and veggies, lean cuts of steak, chicken and tuna all served up in a 'fast food' style and price tag - but in a much better environment and quality. The flatiron angus steak with Yukon Gold potatoes top out my list. I also love to get the line caught ahi tuna with a baby spinach and goat cheese salad - quite tasty when I'm shooting for lighter fare. Makes for a nice and not-too-expensive dinner, and an excellent lunch as well.
Sign up for the A&C Newsletter and have these staff picks sent directly to your inbox.
Sponsor
Day In A Page Radio/Story Archive
