California's unemployment rate has reached 10.1%, crossing the double-digit mark for the first time in 25 years.

Based off of his “four-legged stool” blueprint, Governor Arnold Schwarzenegger signed an historic budget package to solve California’s $42 billion deficit that takes the necessary steps to reduce spending, bring in new revenue, improve our business climate and create jobs, and make government more efficient. Additionally, the Governor today used his line item veto authority to achieve nearly $1 billion more in General Fund (GF) savings for the state.

In late January, New York State (NYS) unemployment hit 7%, as the recession takes its toll. With 25,000 New Yorkers filing new claims for every week, last week state lawmakers agreed to authorize paying out an additional $2 billion this year for unemployment insurance.

The state of California began its series of "furlough Fridays." The state is nearly out of cash, and Governor Arnold Schwarzenegger has issued an executive order in an attempt to save the state from bankruptcy.

The Today Show's Ann Curry managed to get an exclusive interview with Nadya Suleman, the 33-year-old single mom who last week gave birth to octuplets via in vitro fertilization when she already had six other children. The incident has raised ethics questions, pointed both at her as well as the fertility specialist who implanted 6 embryos (two of which twinned) in her.

As a budget stalemate continues, California has been forced to begin issuing IOUs, as the state runs dangerously low on cash.

Sea otters living along the central California coast risk higher exposure to disease-causing parasites as a consequence of the food they eat and where they feed.

California State Controller announces delay for tax refunds. There is a problem with cash.

Wade Rowland Sanders, 67, former deputy assistant secretary of the Navy to President Bill Clinton and a former adviser to Calif. Lt. Gov. John Garamendi pleaded guilty Monday to possessing photos of minors in sexual situations on his computer.

The California Supreme Court this week ruled that a lawsuit against a Good Samaritan can go forward, as a woman who pulled her friend out of a car after an accident did not provide medical assistance.

An F-18 fighter crashed in a densely populated San Diego neighborhood Monday, destroying two homes. The pilot had been preparing to land at a nearby Marine airbase.

The wildfires that began their lives as the Triangle Complex fire and the Brea fire have merged in Southern California, and continue to threaten lives and homes.