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Detailed text transcripts for TV channel - CNN - 20110217:15:05:00

grappling with how to deal with these monstrous budget deficits. no easy answers no matter how you look at it. that s true. we will definitely follow the story and see what happens with the vote today. as jason just mentioned, wisconsin isn t the only state with big budget problems. we were talking about california. that s about $5 billion through k through 12 education. they re at risk unless there s an extension of tax rates, and the so-called dooms day budget that l.a. s board of education approved, crowding classrooms with more students, and universities would look at fee increases up to 10%, and kids younger than 35 would be banned from kindergarten. a board member does tell the l.a. times quote we don t want to do any of the things on there. we will follow that story. and more places smarting from deep budget cuts. illinois looking at a $13 billion shortfall, and a new budget calls for $8..

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