Schwarzenegger declares fiscal emergency
Tuesday, December 2, 2008 - 03:07
in Mathematics & Economics
Governor orders the new Legislature in to work on its first day of the session to deal with California's dire finances. The state could run out of cash by February or March. Gov. Arnold Schwarzenegger ordered the new Legislature in to work on its first day, declaring a fiscal emergency Monday in response to the state's deteriorating finances and urging lawmakers to "get off of their rigid ideologies."