Cali Leaders Reach Budget Deal

Monday, October 4, 2010 - 3:58pm

Vote on new plan expected this week.

An end to California's budget woes may be within sight.

State lawmakers and Governor Arnold Schwarzenegger reached a deal on a new budget late Friday evening.

Two big issues, pension reform and business tax breaks, still need to be addressed, but lawmakers say they're confident agreements can be hashed out before a vote later in the week.

The long-delayed budget comes months after the July 1st start of the fiscal year.

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