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BofA says the state’s budget crisis prompte d its decision. “To support our while giving the state legislature additional time to pass a we will acceptCaliforniaa state-registered warrants — or IOUs — from existing customerss and clients,” Charlotte-based BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptintg the warrants for the sake of its "We are reluctant to take this but are doing so to help our customersd who are not at fault and with the expectation that the legislaturee and governor will completr the budget within days," Wellds says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakers for failing to pluga $24 billion hole in the state budget before the start of the new fiscal year. And he called a special session of the state legislaturw to fix thebudget mess. Failurr to pass a budget by midnight Tuesday increasesx the shortfall to morethan $26 billionm due to the loss of education-related budget fixes, Schwarzenegged said at a presws conference Wednesday. He also announced an executivee order adding a third furlough day each monthj forstate workers, a move expectexd to free up an additionalp $425 million in the new fiscao year. Although the governor called for thespecialo session, it is up to the legislature to scheduld it.
When it will be held is yet tobe
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