After a three-hour talk with top lawmakers, Republican Governor Arnold Schwarzenegger’s idea of borrowing from the $205.5 billion California Public Employees’ Retirement System (CalPERS) was dropped from the negotiating table, Reuters is reporting.
"We still are where we were, we have a $19 billion deficit," said Schwarzenegger spokesman Aaron McLear, according to the news service. “Any idea to borrow money from the CaPERS pension fund is off the table,” Schwarzenegger confirmed in a statement.
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