Officials: Too Early To Know When IOUs Could Be Needed
State Controller John Chiang (D) said a number of factors still have to play out before California begins issuing IOUs or delaying payments. Chiang's office and the Department of Finance did not reject a claim made by state Treasurer Bill Lockyer (D) over the weekend that California could start issuing IOUs by April.
- "Officials Not Sure When IOUs Would Be Necessary" (Yamamura, "Capitol Alert," Sacramento Bee, 1/24).