LOS ANGELES -- California hopes on Monday to price an interim note issue of $1 billion or more to tide the state over until its regular note deal in August, but the sale hinged on having a budget in place by late Wednesday night.

By late afternoon Wednesday, however, state politicians still had not agreed on about $2 billion of new taxes needed to balance the state budget. It appeared possible that the remaining budget bills would be passed in time for Gov. Pete Wilson to sign the overall budget package by midnight Wednesday.

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