California in Fiscal Trouble Again

Despite soaring popularity, California Gov. Arnold Schwarzenegger faces a looming budget crisis much like the one that forced the 2003 recall of his predecessor and brought the former actor and bodybuilder to power.

Schwarzenegger was swept into the governor’s office to replace embattled Gov. Gray Davis in October 2003 with the promise that he’d reduce debt and “tear up the state’s credit card.â€