With California facing an 11.2 billion budget deficit, Governor Schwarzenegger called lawmakers into a special session Monday and announced a fiscal emergency in the state.
"Without immediate action, our state is headed for a fiscal disaster,and that is why with more than two dozen new legislators sworn intoday, I am wasting no time in calling a fiscal emergency specialsession," Schwarzenegger said.
Unable to reach a compromise on a plan to reduce state spending and raise taxes, the debate will carry on into the session of new legislators who were sworn in this week.