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The State Budget and Public Pension Reform

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As local voters go to the polls today, state politicians are at a stalemate over the budget.  Republicans won't comply with Governor Brown's request to allow a statewide vote of the people on extending increases in taxes. But one condition could be reform of the pension system for public employees. Brown just might cut a deal. On our rebroadcast of today's To the Point, disruption in the Middle East and North Africa has sparked a host of conflicting agendas, from getting off the oil economy once and for all to increasing domestic production. What will it all mean for the price of gasoline at the pump and for economic recovery?

Banner image: California Governor Jerry Brown speaks to reporters about his proposed budget at the California State Capitol on January 10, 2011 in Sacramento. Photo: Justin Sullivan/Getty Images