Legislators Slash Budget, Cal State System Bleeds

The 23 Cal-State University campuses serve 450,000 students.  That's 100,000 more than a decade ago with $500 million less money.  Now, the budget crisis is likely to lead to funding cuts close to $600 million. Chancellor Charles Reed is asking for cuts in enrollment, faculty furloughs and increases in student fees. We hear from him and other educators facing massive budget cuts.