California to its creditors: `I owe you.'

July 1992
U.S. News & World Report;7/13/92, Vol. 113 Issue 2, p8
Reports that last week, California began paying its bills with IOUs, a practice it last followed in the Depression. A $3.8 billion deficit; Gov. Pete Wilson and the legislature in a deadlock; Who the first promissory notes went to; The states that missed last week's budget deadlines, including Florida.


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