California, running short on cash, issues IOUs - CNNMoney.com - Thu 6:07 pm ET
Here come the California IOUs.

As deficit grows, Calif. prepares to issue IOUs - AP - Wed 10:04 pm ET
California's controller will start paying many of the state's bills with IOUs as soon as Thursday after lawmakers failed to close the state's worsening budget deficit, adding a new measure of indignity to a state sinking deeper into dysfunction.

California, other states face tough budget choices - AP - Wed Jul 1
Gov. Arnold Schwarzenegger declared a fiscal emergency Wednesday to address California's deficit and ordered state offices closed three days a month to save cash.

P&G testing cheaper Tide - AP - Wed Jul 1
The Procter & Gamble Co. said Wednesday it has begun trying out a lower-cost version of Tide laundry detergent in a bid to churn up new sales in the recession.

Jackson's will cuts out ex-wife Debbie Rowe - AP - Wed Jul 1
Michael Jackson's 7-year-old will was filed Wednesday in a Los Angeles court, giving his entire estate to a family trust and cutting out his former wife Debbie Rowe.

Feds: Auditor scam totaled more than $3 million - AP - Wed Jul 1
An international scam targeting U.S. state governments managed to rake in more than $3 million, including nearly $1 million from West Virginia, before it was caught, federal prosecutors said Tuesday.

AP Source: Jackson's will puts assets in trust - AP - Tue Jun 30
Michael Jackson's will gives guardianship over his children to the singer's mother and leaves all his assets in a trust fund, a person with knowledge of the document told The Associated Press on Tuesday.