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Schwarzenegger declares Calif. fiscal emergency

Jul 1, 2009
 
Story Timeline:  147 days

By Associated Press Wednesday, July 1, 2009 - Added 3m ago SACRAMENTO - Gov. Arnold Schwarzenegger has declared a fiscal emergency to address California’s deficit and has ordered state offices closed three days a month to save cash. The Legislature will have 45 days to send him a plan to balance the state’s budget, which ended the fiscal year with a $24.3 billion deficit. The shortfall is expected to grow by $7 billion because the... [read full story]                    

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REFILE-California governor signals key budget concession - Reuters

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First article on this story:

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