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California's budget deficit has risen to $16 billion

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.

Deficit cutting vs. social spending: Finding a balance

Mar 12, 2012
Commentator Liz Herman says we need to find a way to both reduce the deficit and spend the right amount on social services.