Cash-strapped California issues "registered warrant" also known as an IOU instead of checks that recipients can cash.

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The government of California Capital based in in Sacramento, California, issues millions of dollars of Promissory Notes or IOU's for state depts. Governor, Arnold Schwarzenegger, a Republican, declared a fiscal emergency after California legislators failed to balance the state budget California issued Promissory Notes or IOU's. (Photo digitally altered to remove the payee information.)

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Size: 5102px × 3389px
Location: California, USA
Photo credit: © DPD ImageStock / Alamy / Afripics
License: Licensed
Model Released: No

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