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California Budget Crisis Deepens

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California Budget Crisis Deepens

U.S.

California Budget Crisis Deepens

California Budget Crisis Deepens

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  • <iframe src="https://www.npr.org/player/embed/1358541/1358542" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

After operating for weeks on borrowed money, without a state budget, California had its bond rating lowered this past week. The state's fiscal and political problems include a $38 billion deficit and an Oct. 7 vote on recalling Gov. Gray Davis. NPR's Scott Horsley reports.