California Gubernatorial Recall: Gray Davis Announces $35 Billion Budget Deficit, December 18, 2002

California gubernatorial recall: Then Governor of California Gray Davis announces that the state would face a record budget deficit of $35 billion, roughly double the figure reported during his reelection campaign one month earlier.

California gubernatorial recall: Then Governor of California Gray Davis announces that the state would face a record budget deficit of $35 billion, roughly double the figure reported during his reelection campaign one month earlier.

Date: December 18, 2002

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