|
|
Calif. lawmakers pass plan to balance state budget
SACRAMENTO, Calif. - Lawmakers on Friday approved a complex package of spending cuts, accounting maneuvers and raids on local government coffers to fill California's gigantic budget deficit, providing hope that the state might begin a slow climb out of a deep financial hole.
Nations:U.S. People:Arnold Schwarzenegger Activities:2009 California Budget Crisis Source:(AP)
2009-07-24
Calif. Senate passes budget-balancing plan
SACRAMENTO, Calif. - The California Senate on Friday approved a plan to close the state's $26 billion budget deficit, giving a glimmer of hope after weeks of fiscal gloom.
Nations:U.S. People:Arnold Schwarzenegger Activities:2009 California Budget Crisis Source:(AP)
2009-07-24
California closes budget gap, worries about next
SACRAMENTO, California (Reuters) - California's legislature on Friday approved a $24 billion package of bills to close a deficit that had driven the state to the edge of financial ruin, although Governor Arnold Schwarzenegger said the weak economy could create new budget holes.
Nations:U.S. People:Arnold Schwarzenegger Activities:2009 California Budget Crisis Source:(Reuters)
2009-07-24
Arnold Schwarzenegger Shrinks California In Order to Save It
Is this the deal to save California - or shrivel it? Governor Arnold Schwarzenegger and legislative leaders today announced a budget deal that closes the state's staggering $26.3 billion budget shortfall with just as staggering cuts that will profoundly reduce state government and a broad array of programs. "We have come to a basic agreement that, of course, has to be ratified by the legislature," said Schwarzenegger, a Republican, who volunteered that Monday's five-hour negitiations were "like a suspense movie." But Democratic Senate leader Darrell Steinberg was mournful: "This is a sober time. We have cut, and we have cut in many areas that matter to real people."
Nations:U.S. People:Arnold Schwarzenegger Activities:2009 California Budget Crisis Source:(Time)
2009-07-21
Calif. leaders: We're making progress on $26B gap
SACRAMENTO, Calif. - Gov. Arnold Schwarzenegger and legislative leaders reported steady progress on California's $26.3 billion budget mess and raised the prospect of a resolution in the coming week.
Nations:U.S. People:Arnold Schwarzenegger Activities:2009 California Budget Crisis Source:(AP)
2009-07-12
|
