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Schwarzenegger Tackles California's Budget Woes

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Schwarzenegger Tackles California's Budget Woes

Schwarzenegger Tackles California's Budget Woes

Schwarzenegger Tackles California's Budget Woes

  • Download
  • <iframe src="https://www.npr.org/player/embed/1510549/1510550" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Newly inaugurated California Gov. Arnold Schwarzenegger calls a special legislative session to begin crafting a plan for tackling the state's budget deficit, projected to be at least $14 billion. Many observers believe Schwarzenegger will issue around $20 billion in bonds to pay off California's immediate debt. NPR's Ina Jaffe reports.