Governor asks for cuts as state deficit looms - Los Angeles Times

Governor asks for cuts as state deficit looms - Los Angeles Times: "Facing a spring revenue slump for the first time in his tenure, Gov. Arnold Schwarzenegger on Monday proposed filling the gap by selling major state assets and renewing calls for large cuts in programs for the poor, the elderly and public transit. The governor, who presented a $145.8-billion revised budget to lawmakers, said the moves were necessary to tame a projected deficit that had grown by $1.6 billion since January."