Thursday, July 2, 2009

Schwarzenegger declares fiscal emergency

http://www.presstv.ir/detail.aspx?id=99570§ionid=3510203

Well at least the government knows it's happening.

In Washington, White House Spokesman Robert Gibbs said the administration was eyeing California's crisis but had no plans to intervene. He touted the 144 billion dollars that went to struggling states as part of broader economic stimulus package approved in February.

"There are a number of states that find themselves at the end of the fiscal year and required to pass budgets. We're certainly watching," Gibbs said in Washington.