Gov. Schwarzenegger (R) has threatened to veto any budget plan unless it contained three budget reform items, but early this morning, the legislature finally passed a budget containing only two of his requested changes.
His office said that without more strict rules governing the rainy day fund -- his third requirement -- it would turn "into nothing more than a slush fund that can be raided at any point and up to any amount".
Will he veto the budget? Right now, support for a recall is low, but that could change if he's seen as prolonging the budget fiasco. Plus, the legislature can override him anyway.
Below is a roundup of some of today's relevant budget stories as well as some of the buzz on the intertubes.
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