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California State Of Emergency Declared By Schwarzenegger Over $19 Billion Budget Gap

First Posted: 07/29/10 04:06 PM ET Updated: 05/25/11 06:10 PM ET

Schwarzenegger California Budget Emergency
California Budget Shortfall: Schwarzenegger Declares State Of Emergency Over $19 Billion Gap

California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.

Read the whole story: Reuters

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Filed by Elyse Siegel  |