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SACRAMENTO, Calif. — Gov. Arnold Schwar zenegger and legislative leaders said Friday that they had reached a budget deal.
The governor and lawmakers say after nearly five hours of talks, they agreed on a deal that breaks the record-long budget impasse and attempts to close California’s $19 billion deficit. No details were released, but Schwarzenegger had indicated he wouldn’t sign a budget unless lawmakers agreed to series of pension reforms he was seeking.
