Schwarzenegger: Invest in California

SACRAMENTO, Calif. The governor is launching a radio campaign to ask resident to buy short term state bonds to help the state cover $4 billion in expenses.

The governor met with legislative leaders earlier this week to discuss the budget. The governor has also sent a letter to Treasury Secretary Hank Paulson requesting a loan. The hope is that the money from the bonds and loan would cover state operating costs until tax receipts start arriving in the spring.


- Get more L.A. breaking news, weather, traffic and sports
- Have a news tip? Send your tips, video, or pictures

Copyright © 2020 KABC-TV. All Rights Reserved.