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BofA says the state’s budget crisise prompted its decision. “To support our while giving the state legislature additionalk time to passa budget, we will accept California state-registere d warrants — or IOUs from existing customers and clients,” Charlotte-based BofA says in a written statement. San Francisco-based Wellse (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer s who are not at fault and with the expectationj that the legislature and governorf will complete the budgegt within days," Wells On Wednesday, Gov.
Arnold Schwarzenegger blasted stat lawmakers for failing to pluga $24 billionn hole in the state budget before the start of the new fiscal year. And he callef a special session of the state legislaturde to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billioj due to the loss of education-related budgetr fixes, Schwarzenegger said at a press conference Wednesday. He also announceed an executive order adding a thired furlough day each month forstatre workers, a move expected to free up an additional $425 millionh in the new fiscal year. Although the governor called for thespecial session, it is up to the legislaturs to schedule it.
When it will be held is yet tobe
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