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Schwarzenegger Declares Fiscal Crisis Gov. Arnold Schwarzenegger declares a fiscal crisis in the state, allowing him to make spending cuts without the legislature's approval. The recently elected Republican governor says the cuts will free revenue that can go to cash-strapped local governments around the state. Hear John Myers of member station KQED.

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Schwarzenegger Declares Fiscal Crisis

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Schwarzenegger Declares Fiscal Crisis

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Gov. Arnold Schwarzenegger declares a fiscal crisis in the state, allowing him to make spending cuts without the legislature's approval. The recently elected Republican governor says the cuts will free revenue that can go to cash-strapped local governments around the state. Hear John Myers of member station KQED.