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California IOUs Will Pay 3.75%, State Panel Decides (Update3)
California will pay an interest rate
of 3.75 percent on IOUs it will begin using today to pay its
bills, a panel decided, as Governor Arnold Schwarzenegger and
lawmakers remain deadlocked over how to close a $26 billion
budget deficit.
United Passenger Lines Move Again After O’Hare Delays (Update1)
United Airlines said flight schedules
returned to normal at Chicago’s O’Hare Airport after a computer
outage disrupted passenger check-ins, forcing delays and 100
cancellations.
Schwarzenegger Orders Furloughs as Budget Gap Grows (Update3)
California Governor Arnold
Schwarzenegger said he will shut down government offices the
first three Fridays of every month and declared a fiscal
emergency forcing lawmakers into a special session to tackle the
state’s growing deficit.
Schwarzenegger Orders More Unpaid Leave as Budget Deficit Grows
California Governor Arnold
Schwarzenegger said he will force state workers to take a third
unpaid day off every month and order lawmakers into an emergency
session to tackle the growing budget deficit.
California Misses Deadline to Avoid Issuing Need IOUs (Update2)
California is poised to issue more
than $3 billion in IOUs to pay some bills after lawmakers failed
to reach an agreement to close a $24 billion budget deficit
facing the most-populous U.S. state.
Alabama’s Jefferson County Cuts Jobs to Stay Solvent (Update1)
Alabama’s most populous county will
cut as many as 200 employees, amounting to almost 7 percent of
the workforce, after the state Supreme Court rejected its bid to
spend occupational taxes while it appeals a lower-court ruling
striking down the levy.
California Lawmakers Confront Deadline to Solve Budget Deficit
California is poised to begin its
new fiscal year tomorrow without a plan in place to close a $24
billion deficit as the state prepares to conserve cash by
issuing IOUs to vendors who are owed money.
California Impasse Continues as Democrats Try End Run (Update2)
California lawmakers remained
deadlocked over how fix a $24 billion deficit that threatens to
leave the state broke in July, after Democrats sought an end-run
around a rule requiring a supermajority vote to raise taxes.
Alec Baldwin Helps Girl Sue Parents in Cancer Tale: Rick Warner
Making a movie about a dying cancer
patient is a delicate affair: The line between moving and
maudlin is a thin one that can be easily crossed. “Terms of
Endearment” and “Ikiru” get it right. Most don’t.
California’s Budget Impasse Intensifies as Cash Crisis Looms
California lawmakers moved further
apart on how to keep the state from running out of money after
Governor Arnold Schwarzenegger prodded Republicans to block a
stopgap cash-saving measure.
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