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Schwarzenegger declares California fiscal emergency

Written by: Dana Salvo

(Reuters) – California Governor Arnold Schwarzenegger declared a state of emergency over the state’s finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.

July 29, 2010 @ 3:53 pm Trackback URL Posted in Industry News and tagged with , deficit, Governor Arnold Schwarzenegger, state budget, State Controller John Chiang.

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