Failure to close California’s budget shortfall may force the state to issue billions of dollars in IOUs. An update on how states are struggling to balance their budgets in uncertain economic times.


  • Chris Edwards Director, Tax Policy Studies, Cato Institute. He is the creator of the website 'down sizing the federal government.'
  • Joe Mathews Irvine Senior Fellow at The New America Foundation. He is a former reporter for The Los Angeles Times and The Wall Street Journal.
  • Corina Eckl Fiscal Program Director, National Conference of State Legislatures
  • Nicholas Johnson Director of the State Fiscal Project at the Center on Budget and Policy Priorities

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