California budget deficit has swelled to $16 billion, governor says

California's budget deficit has swelled to a projected $16 billion -- much larger than had been predicted just months ago -- and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
http://feedads.g.doubleclick.net/~at...KPerzXECA/0/di
http://feedads.g.doubleclick.net/~at...KPerzXECA/1/di
http://feeds.feedburner.com/~r/foxne...~4/BaQi81Rhbrk

More...