Treasurer Says No Public Works Money until Budget Is Passed

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The State Assembly and Senate convened today in a rare joint session to deal with an $11.2 billion deficit. Governor Schwarzenegger says if there's no action soon, the debt will be $2 billion greater by next month and the state will run out of money by February or March. State Treasurer Bill Lockyer is the man with the money and a message for the lawmakers.

Credits

Guest:
Bill Lockyer - California State Treasurer

Host:
Warren Olney

Producers:
Katie Cooper, Frances Anderton, Sonya Geis