3 hrs ago | ABC News
Ringing in Independence Day ... Without a Budget
California Gov. Arnold Schwarzenegger speaks about the state budget crisis in this July 2, 2009 file photo, during a news conference in downtown Los Angeles.
7 hrs ago | WMFE
Gov. Calif. Gov. Arnold Schwarzengger; Max Whittaker/Getty Images
Several states are struggling to find solutions for deep budget gaps as a new fiscal year begins.
Backroom talks continue on Calif budget crisis
California lawmakers have little to celebrate this Fourth of July as talks continue on the state's ballooning deficit.
Schwarzenegger legacy entwined with fiscal crisis
This July 1, 2009 shows Gov. Arnold Schwarzenegger listening to a question concerning his declaration of a fiscal emergency at a Capitol news conference in Sacramento, Calif.
Budget battles keep states from tackling reforms
As lawmakers in cash-strapped states wrestled this year with revenues that kept on falling, both campaign promises and long-standing reform efforts got pushed to the side.
California's Budget Crisis: Is There a Way Out?
Governor Arnold Schwarzenegger speaks during a news conference at the State Capitol in Sacramento, California MAX WHITTAKER / Reuters / Corbis With budget negotiations stalled, a cash crisis looming and its fiscal crisis deepening, California today will begin issuing IOUs - formally called registered warrants - to tens of thousands of businesses ...
Election set to replace Tauscher
Gov. Arnold Schwarzenegger announced today he has called a special election on Nov.
Schwarzenegger calls for two-tier state pension system
"The entire issue of pension reform deserves real consideration in the Legislature, but it's not right to jam it into a budget agreement in hours." -- Darrell Steinberg, Senate president pro tem California's budget crisis Two tiers for state pensions? Gov.
Predator 2, Fargo and the Good, the Bad and the Ugly Blu-ray Reviews
On one hand it's great Fox has been releasing their catalog titles in 1080p and in DTS looking great.
California Fails to Break Impasse as States Struggle to Meet Budget Deadlines
With budget deadlines missed and coffers running empty on Wednesday, officials in California extended state employee furloughs, prepared i.o.u.'s and swapped blame as a gloomy new fiscal year dawned.
Governor reinstates $50,000 reward in old slaying
Shortly after Veronica Perotti was found slain inside her West Second Avenue apartment in 1984, investigators asked the state to post a $50,000 reward for information leading to the arrest and conviction of her killer.
The bMighty Blog -- Fredric Paul
California, Hawaii Governors Veto Online Sales Tax
Good news for small online businesses -- and for affiliates of Amazon and Overstock in those states.
Joseph A. Palermo: Arnold Schwarzenegger and the Republicans Cost the State $7 Billion
The California State Senate adjourned at midnight unable to pass three stopgap bills that would have saved the state $7 billion.
Schwarzenegger leads push for digital textbooks
Gov. Arnold Schwarzenegger is taking a page from high school science books in an effort to shrink California's $24 billion budget gap.
States without budgets as key deadline passes
States from coast to coast began a new fiscal year Wednesday with no budget plans and with cash quickly running out, sending some to the brink of shutdown and forcing others to furlough workers and cut services.
Feds could seize Calif. parks if closed by budget
The California governor's office says federal officials are threatening to seize six state parks if they are closed to help balance the state's budget.Gov. Arnold Schwarzenegger has proposed closing 220 state parks.
Federal Judge Blocks Bankrupt California from Reducing Wages of State Workers
A federal judge in California has issued an injunction to stop a proposed $2 hourly wage reduction for the state's home-care workers, reductions that are part of efforts to cut a state budget shortfall of $24 billion.
California Cashless: Strapped State Readies IOUs
California Gov. Arnold Schwarzenegger speaks on the status of the state budget at the California... California Gov.
California, others race to bang out budgets
SACRAMENTO, Calif. a ' Lawmakers around the nation spent Tuesday in grueling, around-the-clock budget sessions as they struggled to avoid government shutdowns and other painful cuts, with the most dramatic negotiations unfolding in California amid a historic $24.3 billion deficit.
Budget crisis gets $3B harder to solve at midnight
If California's political leaders fail to balance the state's budget by midnight Tuesday they might need to trim about $3 billion more.