Happy California
ABCD
California - On Monday night, Governor Arnold Schwarzenegger (photo) informed the public that a budget compromise had been found to close the Californian $26 billion deficit. The deal includes more than $15.5 billion cuts in the education sector and in health and welfare services. More cuts are foreseen in the coming year. The plan will not entail tax increases. A vote on the measures is expected on Thursday. California's jobless rate is at 11.6 percent.