California Facing Continuing Fiscal Crisis

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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.

Credits

Guests:
H.D. Palmer - California State Department of Finance - @HDatFinance, Bill Lockyer - California State Treasurer, Jim Mayer - Executive Director, California Forward

Host:
Warren Olney

Producers:
Karen Radziner, Christian Bordal