[![In this Wednesday June, 17, 2009 picture, Gov. Arnold Schwarzenegger discusses the state budget deficit outside his Capitol office in Sacramento, Calif. Schwarzenegger has said state government operations will come to a 'grinding halt,' if lawmakers fail to pass a balanced budget by July 28. (AP Photo/Rich Pedroncelli)][1]][2]AP - To hear Gov. Arnold Schwarzenegger and state finance officials tell it, July 28 is California's last stand before fiscal Armageddon.

[1]: http://d.yimg.com/a/p/ap/20090624/capt.ffa1b470eb56408ea76d84325a9afd6e.california_budget_doomsday_clock_carp101.jpg?x=130&y=85&q=85&sig=1skfPItBK6KhWbRCu7fK4A--
[2]: http://us.rd.yahoo.com/dailynews/rss/us/*http://news.yahoo.com/s/ap/20090624/ap_on_re_us/us_california_budget_doomsday

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