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California To Creditors: I Owe You

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California To Creditors: I Owe You

Economy

California To Creditors: I Owe You

California To Creditors: I Owe You

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  • <iframe src="https://www.npr.org/player/embed/106193986/106194008" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Lawmakers in California have failed to pass a stopgap budget. That means the state will begin issuing IOUs on Thursday. California could issue $3.4 billion in IOUs by the end of July.

John Myers reports for member station KQED.

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