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State may need to issue IOUs (access required)

Arizonans may no longer be able to take pride that things here haven’t gotten as bad as in California. State Treasurer Dean Martin said Arizona may need to start issuing IOUs if the Legislature and Gov. Jan Brewer fail to approve a budget by Aug. 17.

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Sen. Jeff Flake, R-Ariz., left and Sen. John McCain, R-Ariz. (AP Photo/The Arizona Republic, Tom Tingle)

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