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California Reaches $103-Billion Budget Compromise

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California Reaches $103-Billion Budget Compromise

U.S.

California Reaches $103-Billion Budget Compromise

California Reaches $103-Billion Budget Compromise

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  • <iframe src="https://www.npr.org/player/embed/3623221/3623222" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

After a 26-day impasse, the California legislature and Gov. Arnold Schwarzenegger have reached a deal on a $103 billion state budget. It calls for no new taxes, limited spending cuts and a lot of borrowing — a plan that analysts say is similar to what ousted Gov. Gray Davis came up with last year. NPR's Ina Jaffe reports.