California State Controller John Chiang warned on Sunday that if a resolution to California's budget crisis does not come soon, the state will be broke by the end of July. He predicts that, under current conditions, the state will have a $2.78 billion deficit by July 31st. The state could wind up defaulting on loans, and Gov. Schwarzenegger warns that state services and payments could grind to a halt.
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Gov. Arnold Schwarzenegger met with the editorial board of the Fresno Bee on Tuesday. The meeting was live-streamed on the Internet. The governor said he continues to look for ways to reduce the state's crushing budget deficit without having to raise taxes.
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Fresno City Council member Henry T. Perea has confirmed to KSEE 24 News reports that he will run for the State Assembly seat currently held by Juan Arambula, and that Arambula plans to endorse him for the job. Arambula terms out next year and his District 31 seat will be up for grabs in the 2010 election. Perea says he plans to make a formal announcement about the run in November.
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Former Republican presidential candidate Sen. John McCain made a stop in Fresno on Friday with Meg Whitman, the former CEO of EBay, who is running for governor of California. Earlier in the day, McCain formally endorsed Whitman at a meeting in Orange County. McCain told reporters in Fresno that Whitman is the future of the Republican Party and that she is what California needs to get itself out of its budget mess.
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On Tuesday, President Obama nominated Sonia Sotomayor to be the next U.S. Supreme Court Justice. Sotomayor is currently a federal appeals court judge. If she wins confirmation, she would become the first Hispanic and only the third female justice on the high court. In Fresno, Hispanic leaders praised the nomination, while Republican officials said they wanted the U.S. Senate to ask her tough questions during the nominating process.
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President Barack Obama said on Sunday he will hold a meeting with Democratic and Republican lawmakers to discuss ways to move forward on legislation to overhaul the healthcare system.
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Bipartisan efforts to tighten U.S. financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.
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A White House spokesman said on Thursday it was possible that a jobs report due on Friday could include a revision in monthly data showing more jobs were lost in the recession than previously been thought.
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President Barack Obama announced new measures to reduce greenhouse gas emissions with "clean coal" technology on Wednesday in his latest move to keep climate change at the top of the country's political agenda.
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