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California Facing Continuing Fiscal Crisis
Governor Schwarzenegger and the state legislature may have to re-open the budget, passed grudgingly after Republicans and Democrats deadlocked for 85 days past the date it was due. In the meantime, California schools, law enforcement and local governments may be at risk unless the state gets a $7 billion loan from Washington soon.
By Warren Olney • • 1 min readGovernor Schwarzenegger and the state legislature may have to re-open the budget, passed grudgingly after Republicans and Democrats deadlocked for 85 days past the date it was due. In the meantime, California schools, law enforcement and local governments may be at risk unless the state gets a $7 billion loan from Washington soon.
