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California Budget Plan a Mix of Cuts and Borrowing

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California Budget Plan a Mix of Cuts and Borrowing

U.S.

California Budget Plan a Mix of Cuts and Borrowing

California Budget Plan a Mix of Cuts and Borrowing

  • Download
  • <iframe src="https://www.npr.org/player/embed/1896335/1896336" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Calif. Gov. Arnold Schwarzenegger releases a $103-billion budget plan that calls for borrowing and across-the-board spending cuts in an effort to stem the state's budget woes. Schwarzenegger says the budget will close a $15-billion deficit without raising taxes. NPR's Ina Jaffe reports.