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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When Arnold Schwarzenegger sat down at his desk in Sacramento this week the California governor displayed a steeliness that even the Terminator, his most famous film character, would have admired. You have viewed your allowance...
The state, which is the world's eighth largest economy, was paralysed after failing to agree a budget to control runaway spending that has plunged it more than £16billion in the red. With California's finances frozen in...
California Governor Arnold Schwarzenegger has declared a fiscal emergency in his state, as officials prepare to issue billions of dollars of IOUs to the state's creditors. Back in 1978, California voters approved a ballot...
California Governor Arnold Schwarzenegger has declared a fiscal emergency in his state, as officials prepare to issue billions of dollars of IOUs to the state's creditors. Back in 1978, California voters approved a ballot...
California Governor Arnold Schwarzenegger has declared a fiscal emergency in his state, as officials prepare to issue billions of dollars of IOUs to the state's creditors. Back in 1978, California voters approved a ballot...
The American state of California is to be forced to pay its bills with IOU's as its budget black hole surpassed the 26bn £15.9bnmark forcing Governor Arnold Schwarzenegger to declare a "fiscal state of emergency".
Arnold Schwarzenegger, the governor of California, has declared a state of fiscal emergency as the state faces a cash shortage expected to hit $6.5bn in coming months. The former actor called the state government back for a...
Mr Schwarzenegger said he was proud of California despite the crisis The governor of California has declared a fiscal emergency in the US state to address a budget deficit of some $24.3bn (£14.5bn). Governor Arnold...
Arnold Schwarzenegger the governor of California has formally declared a fiscal emergency in the state and called state legislators back into a special session to close a budget deficit expected to reach 24bn over the next two...
Arnold Schwarzenegger, North America, United States of America, California
