Arnold Schwarzenegger News

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.

Several states are struggling to find solutions for deep budget gaps as a new fiscal year begins.

California lawmakers have little to celebrate this Fourth of July as talks continue on the state's ballooning deficit.

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.

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.

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 ...

Gov. Arnold Schwarzenegger announced today he has called a special election on Nov.

"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.

On one hand it's great Fox has been releasing their catalog titles in 1080p and in DTS looking great.

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.

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.

Good news for small online businesses -- and for affiliates of Amazon and Overstock in those states.

The California State Senate adjourned at midnight unable to pass three stopgap bills that would have saved the state $7 billion.

Gov. Arnold Schwarzenegger is taking a page from high school science books in an effort to shrink California's $24 billion budget gap.

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.

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.

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 Gov. Arnold Schwarzenegger speaks on the status of the state budget at the California... California Gov.

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.

If California's political leaders fail to balance the state's budget by midnight Tuesday they might need to trim about $3 billion more.