On Schwarzenegger, Budget, State Workers

Here's a link to the audio of my appearance on Warren Olney's KCRW show, "Which Way, LA?" discussing Schwarzenegger's threat to reduce state workers' pay until the state has a new budget signed. The budget is more than a month late, and there's growing concern that the state could run out of cash next month. On the program with me are State Controller John Chiang and Schwarzenegger finance director Mike Genest. It left me with the impression that a budget agreement may be closer than we think. If state leaders let Chiang and Genest negotiate it themselves, we'd be done this weekend.