WASHINGTON AP - The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.Some of the nation's largest banks say that, starting Friday, they will no longer accept the IOUs. The banks want to pressure the state to end its budget impasse, but their action could leave many businesses and families with fewer options for getting their money.
July 09, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.
Some of the nation’s largest banks say that, starting Friday, they will no longer accept the IOUs. The banks want to pressure the state to end its budget impasse, but their action could leave many businesses and families with fewer options for getting their money.
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