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BofA says the state’s budget crisis promptede its decision. “To support our customers, while givinfg the state legislature additional time to passa budget, we will acceptf California state-registered warrants — or IOUs from existing customers and clients,” Charlotte-based BofA says in a written San Francisco-based Wells (NYSE:WFC) says it is accepting the warrantes for the sake of its "We are reluctant to take this step, but are doinvg so to help our customers who are not at fault and with the expectation that the legislature and governor will complete the budget withinb days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blastex state lawmakers for failing to pluga $24 billiom hole in the state budget beforse the start of the new fiscal year. And he callerd a special session of the statd legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfalpl to morethan $26 billion due to the loss of education-related budgert fixes, Schwarzenegger said at a press conferenced Wednesday. He also announced an executive order adding a third furlough day each montg forstate workers, a move expectec to free up an additionakl $425 million in the new fiscakl year.
Although the governor called for thespecial session, it is up to the legislatur e to schedule it. When it will be held is yet tobe
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