FROM Ed Mendel
The State Budget and Public Pension Reform Governor Brown has declared a stalemate on closing the $25 billion gap between state spending and revenue. He wants roughly half made up by spending cuts and the other half to be an extension of tax increases approved by the voters. Republicans won't give him the two-thirds vote required to put that on the ballot, but there might be a deal on public pension reform. The state's bipartisan Little Hoover Commission has concluded that underfunded pensions threaten both state and local governments. The Legislative Analyst , also bipartisan, agrees.
A Budget Finally Passes, but Schwarzenegger Says He'll Veto It The longest budget stalemate in state history is not over yet. Governor Schwarzenegger says he'll veto the plan finally approved this week by both parties. He says it contains "fake budget reform" and makes the fiscal crisis even worse because "it kicks that can down the alley" into next year.
Budget Deficit Grows To $16 Billion One place where news staffs have been reduced is the State Capitol, where the Governor and the Legislature face a deficit of another kind. The Legislative Analyst, Elizabeth Hill who gets paid for impartial analysis, says the gap between spending and revenue is 1.5 billion more than Governor Schwarzenegger thinks it is; closer to 16 billion than 14. But this weekend, the Governor approved cuts and spending shifts supposedly worth 7 billion.
Tentative Deal Could End California’s 51-Day Budget Delay Late this afternoon, there was word that Senate Republicans had made a deal with the Democrats, seven weeks after the June 30th deadline. In the meantime, the Assembly passed a budget and left town. Today, both houses were back in session.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
What happens when America retreats from the world? Is President Trump taking his "America First" agenda to extremes, withdrawing the country from the international stage on trade and climate change, distancing America from its traditional allies across the Atlantic and even threatening to physically isolate the country through the building of a wall along its southern border? León Krauze guest hosts.