Financial Times FT.com

California’s sweeping budget cuts draw fire

By Matthew Garrahan in Los Angeles

Published: January 17 2008 18:36 | Last updated: January 17 2008 18:36

Arnold Schwarzenegger’s tough stance on climate change and a recent willingness to engage with Democratic rivals in the California state legislature has won praise and backing from across the US political spectrum.

But a series of drastic spending cuts announced in the last few days, aimed at reducing a gaping $14.5bn (€9.9bn, £7.4bn) budget deficit has taken the sheen off the former movie star’s tenure as California governor.

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