Jul 20th, 2009 - BBC NEWS
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Monday's budget agreement followed weeks of wrangling
Governor Arnold Schwarzenegger and leading California legislators say they have agreed a plan to close a state deficit of more than $26bn (£17bn).
Mr Schwarzenegger said the plan would include $15bn of spending cuts and no significant tax increases.
Legislators said they are hoping to vote on the plan on Thursday.
Mr Schwarzenegger declared a fiscal emergency earlier this month after legislators missed a deadline to agree a budget for the coming financial year.
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