May 24, 2012 California Gov. Jerry Brown talks about his plan to balance the state's budget. Currently, California is facing a deficit of close to $16 billion.
May 24, 2012 Like other states across the U.S., California's grappling with a giant budget hole. Gov. Jerry Brown talks about the role of government and the tension between taxing the rich and cutting programs for the poor.
May 18, 2012 The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
May 16, 2012 California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.
May 14, 2012 That's grown from $9.2 billion. The $16 billion is in projected spending, and that would be more than the money that could come in. Gov. Jerry Brown is expected to talk about the details later today.
May 8, 2012 Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
May 7, 2012 This past weekend, Hollywood hosted a fundraiser for the California state parks. It’s not just left-leaning Hollywood altruism. Many directors and studios film for cheap in the parks.
May 7, 2012 Here's a phrase you'll begin to hear a lot in Congress: sequestered cuts. Today, the House begins debate on how to deal with the debt crisis.
Apr 25, 2012 For the first time in six years, a cow in the U.S. has tested for so-called mad cow disease. While officials say the dairy cow identified in California at no time entered the food supply, the price of cattle futures has moved sharply downward.