Tools

California's Cash Crisis

Written by KEY News Staff
Written by Beth Farnsworth

Story Created: Feb 2, 2012 at 3:07 PM PDT

Story Updated: Feb 2, 2012 at 8:31 PM PDT

State Controller John Chiang warns our Golden State could run out of cash in March.

Chiang says California may be forced to borrow up to one billion dollars to ward off the potential cash shortfall. He's urging lawmakers to pass a bill that would allow the state to borrow, internally.

In the meantime, brace for a possible worst case scenario: state-issued i.o.u.'s and a delay in your tax refund.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Primetime

Middle
8.00
the middle
8.30
suburgatory
Modern Family
9.00
modern family
9.30
don't trust the b in apartment 23
10.00
revenge
11.00
key news