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ECONOMY-CALIFORNIA/BUDG
RTR25ALD 
July 03, 2009 
California Governor Arnold Schwarzenegger speaks in front of state citizens during a news conference... 
San Francisco, UNITED STATES 
California Governor Arnold Schwarzenegger gestures during speech on state budget impasse in San Francisco... 
California Governor Arnold Schwarzenegger speaks in front of state citizens during a news conference in San Francisco, California July 3, 2009. State officials have begun issuing billions of dollars in "IOUs" to avoid a cash crisis, after lawmakers failed to balance the budget by the start of the state's new fiscal year on Wednesday, leaving a $26.3 billion deficit. REUTERS/Robert Galbraith (UNITED STATES POLITICS BUSINESS) 
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