The nation’s state officials say they’re hurting.  As California Gov. Arnold Schwarzenegger declared a fiscal emergency, calling legislators into a new special session that won’t end until they agree on a way to trim the state’s $11.2 billion budget deficit, New Jersey’s governor says he’ll press President-elect Obama for a $600 billion stimulus package for states. Gov. Jon S. Corzine says he’ll make the case for the federal government to spend $600 billion-plus to stimulate growth in states across the country when he and other governors meet with President-elect Barack Obama on Tuesday, reports Newsday. Corzine is among a group of governors set to meet with Obama in Philadelphia on Tuesday to discuss their financial woes. “Without immediate action, our state is headed for a fiscal disaster,” in which California could run out of money to pay its bills by late February, Schwarzenegger said in a news conference in Los Angeles on Monday. Meanwhile, the federal government has problems of its own. There’s talk that the U.S. Postal Service may soon lay off 5,000 workers.

TAGS: $600 billion, Arnold Schwarzenegger, california, economy, fiscal emergency, U.S. governors

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