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Schwarzenegger

California 50 days from government meltdown

by MorganJune 11, 2009 Legislation

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California has 50 days until the government melts down under the pressure of the $24.3 billion budget gap. That according to the state’s controller, John Chiang. And the problem isn’t getting any better. State revenues were off nearly [...]

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California: In a State of Quiet Desperation

by phillenbrandDecember 8, 2008 Economy

California has quickly turned into a case study for the long-term effects of the housing market. The state, which ranks as the eighth largest economy in the world, found itself in a state of quiet desperation when the credit crunch took effect in October. California had already delayed its yearly budget over 80 days, finally [...]

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