california budget crisis

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

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

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

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