SAN FRANCISCO — California has set Sept. 20 as the date for its first general obligation bond sale of the year and has put another on the calendar, although the size of both deals remains undecided.

California, typically the largest issuer in the country, has refrained from issuing any GO debt so far this year, bypassing its usual multibillion dollar spring sale as it revaluated financing needs in the face of a $9.6 billion budget deficit.

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