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"This is an unprecedented fiscal emergency".
See articleArnold Schwarzenegger declared a fiscal emergency in California.
But I also think that Ms Pelosi deserves credit for taking the looming fiscal emergency seriously.
This is not surprising from a governor who has declared a "fiscal emergency" in California.
In February he declared a fiscal emergency and plugged a short-term budget hole with cuts that "will hurt".
Faced with a multibillion-dollar budget deficit, Gov. Arnold Schwarzenegger declared a fiscal emergency in December 2008.
Democrats countered that the economic crisis amounted to a fiscal emergency, permitting the measure to be financed with deficit spending.
Reprints Related items Britain's fiscal emergency: Deflating the stateSep 24th 2009However, the reform is less ambitious than it first sounded.
Finally, last March, the county declared a "public safety fiscal emergency", starting the path to emergency state funding.
The state of Rio de Janeiro declared a fiscal emergency weeks ago, requiring a £680m bailout from central government.
Even legislators of his own party have criticized how the governor handled what became a surprise fiscal emergency.
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