Texas Governor Rick Perry visits California to attract companies away from the Golden State with promises of low taxes and fewer regulations.

The governor of California discusses state budgets and California's fiscal prospects heading into 2013.

California governor Jerry Brown has pulled an impressive disappearing act. After years of being severely in the red, Brown says the state's huge budget deficit is now gone.

The governor of the cash-strapped state recently signed a $8 million transportation bill. Watchers say it'll be a way for him to leave a lasting legacy.

With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?

California Gov. Jerry Brown talks about his plan to balance the state's budget. Currently, California is facing a deficit of close to $16 billion.

Like other states across the U.S., California's grappling with a giant budget hole. Gov. Jerry Brown talks about the role of government and the tension between taxing the rich and cutting programs for the poor.

The state of California is receiving much less in revenue this year than it projected.