State Senator Abel Maldonado, R-Santa Maria, right, gives a ...
AP
Fri Jun 26, 8:00 PM ET
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State Senator Abel Maldonado, R-Santa Maria, right, gives a thumbs down to State Senator Alex Padilla, D-Los Angeles, left, during the debate over a Democratic plan to cut and delay billions in spending to prevent the state for having to issue IOU's next week, held at the Capitol in Sacramento, Calif., Friday, June 26, 2009. State Controller John Chiang has warned that California will be forced to issue IOU's instead of payments next week unless Schwarzenegger and state lawmakers can come up with a solution to the state's $24.3 billion deficit. Demcrat's plan fell short of the two-thirds votes needed for passage with Republicans voting against the measures.

(AP Photo/Rich Pedroncelli)

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