SAN FRANCISCO - California Gov. Arnold Schwarzenegger -- in a move designed to tighten the noose around lawmakers resisting his proposals for major budget cuts to balance the state's budget -- announced Thursday afternoon that he was withdrawing the authority that would be needed for the state to issue revenue anticipation warrants to meet the state's cash-flow requirements.

The warrants, usually called RAWs, are a vehicle that permits the state to borrow money for cash-management purposes during one fiscal year and repay them in another.

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