Read more IOU stories on Newserhttp://www.newser.com/taggrid/37352/iou.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 18:44:33 CSThttp://www.newser.com/story/67241/jpmorgan-chase-to-lend-california-15b.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter joining other major banks in snubbing cash-strapped California last month, JPMorgan Chase has changed tack and is lending the state $1.5 billion to end its IOU program a month early. The short-term loan will enable California to start redeeming on Sept. 4 the IOUs it has been using...http://www.newser.com/story/67241/jpmorgan-chase-to-lend-california-15b.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 19 Aug 2009 5:28:37 CDThttp://www.newser.com/story/65275/collectors-eye-california-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCalifornia's recently issued IOUs are only the latest in a long history of dollar substitutes in America, the Wall Street Journal reports, and they're already being eyed by collectors of temporary currency on everything from leather to plywood to old tires to clamshells. Schwarzenegger's scrip is plain in comparison to...http://www.newser.com/story/65275/collectors-eye-california-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 25 Jul 2009 6:57:35 CDThttp://www.newser.com/story/64041/banks-wont-honor-calif-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMajor banks in California, including Bank of America and Wells Fargo, will stop honoring the state's IOUs after today, reports the Los Angeles Times . While some credit unions may cash the promissory notes, taxpayers and vendors who need cash may be tempted to sell them on the cheap to third-party...http://www.newser.com/story/64041/banks-wont-honor-calif-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 10 Jul 2009 5:37:06 CDThttp://www.newser.com/story/63437/california-begins-printing-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThousands of Californians still waiting for their state tax returns will open their mail to find an IOU instead of a check. Unable to close a gargantuan budget deficit, the state began printing a $53 million batch of IOUs this afternoon, the Los Angeles Times reports. Some banks have agreed...http://www.newser.com/story/63437/california-begins-printing-ious.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 02 Jul 2009 19:49:13 CDThttp://www.newser.com/story/62747/calif-may-need-to-issue-ious-next-week.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCalifornia’s finances are so dire that the state controller says he’s going to have to start doling out IOUs to creditors soon, reports the Los Angeles Times . Likening the situation to the Great Depression, John Chiang says he’ll have to issue IOUs to social-service agencies, private contractors, vendors, and others...http://www.newser.com/story/62747/calif-may-need-to-issue-ious-next-week.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 24 Jun 2009 16:59:46 CDThttp://www.newser.com/story/47262/calif-budget-gap-could-mean-ious-not-tax-refunds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFaced with a mounting budget gap and failed negotiations toward a solution, California may have to send out promissory notes to taxpayers owed refunds and local governments, the Los Angeles Times reports. Talks between Gov. Arnold Schwarzenegger and the Democratic legislature foundered yesterday; lawmakers sent the governor a disputed package...http://www.newser.com/story/47262/calif-budget-gap-could-mean-ious-not-tax-refunds.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 07 Jan 2009 11:11:37 CST