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Calif. Lawmakers Say They've Reached Budget Deal

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Sep 14, 2008 4:28 pm US/Pacific

Calif. Lawmakers Say They've Reached Budget Deal

SACRAMENTO (AP) ―

Click to enlarge 1 of 1: It was not immediately clear if Gov. Arnold Schwarzenegger would accept the deal.
Justin Sullivan/Getty Images

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The state's top legislative leaders say they have reached a deal to end California's record budget impasse.

It was not immediately clear whether the tentative deal would be accepted by Gov. Arnold Schwarzenegger, who has said he would not sign a budget that failed to include long-term reform.

State Senate leader Don Perata said he was "100 percent sure" lawmakers had reached the compromise needed to end the stalemate,
which reached its 76th day on Sunday.

During a hastily called news conference, the Democratic and Republican leaders of the Assembly and Senate said they closed the $15.2 billion deficit without borrowing or new taxes. They did not release details, saying they first had to brief their respective caucuses.