California Budget Crisis | featured news

S&P issues warning on California finances

The ratings agency Standard & Poor's warned on Tuesday that it could downgrade California's financial outlook if lawmakers don't pass a credible budget plan this year.

 

California Assembly approves budget package

The longest-ever state budget impasse moved toward a close as the lower house approved a spending blueprint after working through the night, but not before stuffing it with last-minute favors for special interests.

 

California leaders reach final budget agreement

California leaders reach final budget agreement

A top California lawmaker said on Friday the state's leaders had reached a final agreement on closing a $19.1 billion deficit to balance the state budget, ending a record stalemate over a spending plan.

 

Schwarzenegger orders worker furloughs

Schwarzenegger orders worker furloughs

Gov. Arnold Schwarzenegger is bringing back furloughs for thousands of state workers until California passes a budget.

Senh: I don't think Jerry Brown would have a problem balancing the budget. When he was governor of California, we had a huge surplus. Let's see if he can work his magic again if he gets elected.

 

Judge rejects Schwarzenegger minimum wage request

A judge on Friday declined to force the state controller to comply with an order by Gov. Arnold Schwarzenegger to pay state workers minimum wage while the state remains without a budget.

Senh: This is getting ugly. California lawmakers couldn't balance the budget, so they make state workers pay? I would rather have these guys not get paid until the budget's balanced. It's their goddamn job.

 

California makes parole easier

California makes parole easier

California's budget crisis and overcrowded prisons have led to a new reality for thousands of convicted felons: parole is getting ...

 

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