Budget Deal in the Works?



Governor Arnold Schwarzenegger, as well as Democratic and Republic legislative leaders, say that a compromise deal on the budget is within reach, the Chron reports. Democrats say they hope they can submit a deal for a vote as early as the end of the week. We'll believe it when we see it. Just in case you've forgotten (and how can you not?), the state faces a $42 billion budget deficit by the end of June, California is already issuing IOUs in lieu of money, and Friday will be the 100th day since the legislature was forced to come back and deal with this problem.