Arnold Schwarzenegger | featured news

California lawmakers finally sealed a deal with the governor on a plan to close a $26 billion budget gap.

Gov. Arnold Schwarzenegger and the state's top legislators who are trying to close out a budget deal have canceled their planned meeting tonight because of an apparent scheduling snafu and will instead aim to meet...

California Governor Arnold Schwarzenegger and lawmakers failed on Wednesday night to agree to balance the state's budget by closing a $26.3 billion deficit, but officials said talks would continue.

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

Legislative leaders emerged from late-night budget negotiations Tuesday to announce they were closing in on a final agreement on how to address the state's $26.3-billion deficit.

California's lawmakers failed to agree on a balanced budget by the start of its new fiscal year on Wednesday morning, clearing the way to suspend payments owed to the state's vendors and local agencies, who instead will get "IOU" notes promising payment.

A plane carrying California Governor Arnold Schwarzenegger has made an emergency landing in Los Angeles because of smoke in the cockpit.

Gov. Arnold Schwarzenegger vowed Wednesday to let California government come to a "grinding halt" rather than agree to a high-interest loan to keep the state afloat if he and the Legislature do not close the yawning budget gap in coming weeks.

Gov. Arnold Schwarzenegger has proposed a 5% cut in 200,000 state workers' salaries.

California governor Arnold Schwarzenegger appears in the new Terminator film - thanks to technology.