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Front Page: CA Passes State Budget After All-Nighter

  • After deliberating through the night and securing a breakthrough Republican vote, California state lawmakers have passed a budget deal. The $42 billion budget deficit will be closed with new taxes and severe spending cuts. — SF Chronicle
  • Nearly 5 million US workers are receiving unemployment benefits, an all-time high. — AP
  • President Obama is headed to Canada for his first foreign trip as President. — BBC News
  • US drug companies are outsourcing clinical trials, human studies that determine drug's safety, to other countries, raising ethical and scientific concerns. — New York Times
  • UBS, the largest Swiss bank, has agreed to reveal names of Americans whom US authorities suspect of using Swiss accounts to evade taxes. The US thinks $20 billion has been hidden, and UBS admitted that some employees participated in a scheme to defraud the US. — Huffington Post
  • Some Republican governors may turn down federal stimulus money. Critics say that move puts conservative ideology before the needs of the people, but governors say they are wary of the strings attached to the money. — CBS News

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