Saturday July 11, 2009, 12:35 am
"Despite pressure from the state treasurer, JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. and other major banks planned to stick to their plans and not honor California's warrants after Friday. State Treasurer Bill Lockyer announced Citigroup Inc. agreed to a one-week extension through July 17.

The bankers are trying to pressure legislators into closing the state's $26.3 billion budget shortfall. Whether that pressure was being felt inside the Capitol is unclear, but on Friday the first signs of progress began to emerge after days of partisan infighting.

Gov. Arnold Schwarzenegger and Democratic and Republican leaders of both legislative chambers met throughout the day, ending the session late Friday night but planning to resume Saturday. Lawmakers of both parties expressed optimism about the direction of the talks."

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Tuesday July 14, 2009, 1:30 pm
Where California goes... the rest of the country will follow. Thank you, Barack Hussein Obama!!